EBITDA Soars 4x QoQ, Gaming Revenues Surge 134.5%
Bengaluru, February 5, 2025 – OnMobile Global Limited (NSE: ONMOBILE | BSE: 532944), a leader in mobile gaming and entertainment, has reported its Q3 FY25 financial results, showcasing strong revenue growth and substantial improvements in EBITDA.Key Financial Highlights (Q3 FY25)
| Metric | Q3 FY25 | QoQ Growth | YoY Growth |
|---|---|---|---|
| Revenue | ₹1,665 Mn | +26.3% | +36.2% |
| Gross Profit | ₹732 Mn | +10.6% | +23.8% |
| EBITDA | ₹81 Mn | +4x | - |
| EBITDA Margin | 4.9% | +350 bps | +480 bps |
| Gaming Revenue | ₹754 Mn | +134.5% | - |
| Gaming Subscription | ₹304 Mn | +16.9% | - |
| Profit After Tax (PAT) | ₹(52) Mn | - | - |
Business Segment Performance
1. Gaming Revenue
- Gaming revenue surged 134.5% QoQ to ₹754 Mn, making up 45% of total revenue.
- Gaming platform revenue reached ₹450 Mn.
- Active gaming subscriber base expanded 9.1% QoQ to 9.26 Mn.
2. Mobile Entertainment Revenue
- Revenue from mobile entertainment (tones, infotainment, contests) stood at ₹911 Mn, witnessing a decline of 8.6% QoQ as OnMobile continues to shift focus toward gaming and digital content.
Operational Highlights
- DSO (Days Sales Outstanding) reduced from 113 days in Q2 FY25 to 94 days, indicating improved cash flow management.
- Capex Investment of $15 Mn required to sustain and scale gaming revenue, with a direct correlation between capital expenditure and revenue growth.
- The company is actively deploying marketing and subscriber acquisition strategies across 117 global telecom partnerships.
Leadership Commentary
Bikram Singh Sherawat, President & COO, OnMobile, stated:"We’re thrilled to report that our gaming business continues to accelerate, more than doubling our revenue sequentially to ₹754 Mn in Q3. This growth aligns perfectly with our strategic focus on mobile gaming, and we’re confident in sustaining this momentum in the coming quarters."
Radhika Venugopal, Global CFO, OnMobile, added:
"The strong revenue increase translated into EBITDA growth of ₹81 Mn this quarter. Our continued investments in technology and content are yielding positive results, and we aim to build on this success to drive further profitability."
Strategic Outlook
- Mobile gaming remains the primary growth driver, with a projected MRR (Monthly Recurring Revenue) target of $2 Mn within the next 18-24 months.
- OnMobile is set to expand cloud gaming infrastructure through its De:Sphere platform, aiming to enhance performance at 6x cost efficiency.
- The upcoming gaming platform launch in 2025 will integrate premium mobile games, AAA esports titles, and interactive gaming features to redefine the digital gaming experience.