OnMobile Global Limited, a leading name in mobile gaming and entertainment, saw its shares fall more than 4% on Thursday following the release of its first-quarter financial results.
Q1 FY25 Financial Overview
- Revenue: ₹1,260 million, up 0.7% quarter-on-quarter.
- EBITDA: ₹9 million, representing a margin of 0.7%.
- ONMO Costs: ₹56 million charged to P&L, previously capitalized.
- Amortization: Additional depreciation of ₹53 million for the ONMO gaming platform.
- Operating Expenses (Opex): Reduced by 15.9% compared to Q4 FY24. Manpower costs down by 9.5% quarter-on-quarter, excluding capitalization.
- Mobile Gaming Revenue: Increased by 22.9% quarter-on-quarter to ₹253 million.
- Active Subscribers: Reached 7.61 million in mobile gaming, a 13% increase quarter-on-quarter.
- Days Sales Outstanding (DSO): Improved to 91 days from 94 days in Q4 FY24.
- Closing Cash: ₹688 million, up from ₹637 million in Q4 FY24.
CEO Comments
François-Charles Sirois, Executive Chairman & CEO, commented, “Mobile gaming revenue showed solid growth this quarter. We are optimizing our digital marketing globally and aiming to continue this upward trend. The consolidation of our gaming teams has significantly reduced costs, aligning with our goal to make gaming profitable by year-end. We are now focusing on strategic deals to elevate our business.”
As of 10:26 AM, OnMobile Global’s shares were trading 4.21% lower at ₹84.79 on NSE.
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