Bengaluru, 13th November 2024: OnMobile Global Limited (“OnMobile”), the global leader in mobile gaming & entertainment, today announced the financial results for the Second quarter of FY25 ended September 30, 2024.
Highlights:
- Q2FY25 revenue at INR 1,319Mn, up 4.7% QoQ
- Q2FY25 EBITDA at INR 18 Mn at 1.4%
- Mobile Gaming revenue increased by 27.3% QoQ to INR 322Mn during Q2FY25
- 8.49Mn active subscriber base in mobile gaming in Q2 FY25; increase of 11.6% QoQ
- OnMobile partnered with DeOSphere to offer advanced gaming and network services by deploying the DeOS Operating system, including streaming and edge computing technologies, over OnMobile’s current global network infrastructure
- DeOSphere will be leasing a minimum of 30 points of presence (POPs) from OnMobile to deploy advanced Global Gaming & AI Edge Network
Commenting on Q2FY25 results, Bikram Singh Sherawat, President & COO, OnMobile, said, “We’re pleased to report growth in Mobile Gaming revenue quarter after quarter. Our active subscriber base also saw healthy growth, now reaching 8.49 million. We are on track to make gaming profitable by year-end and are now concentrating on securing large strategic deals that will elevate our business to the next level.”
Radhika Venugopal, Global CFO, OnMobile said, “Our revenue saw a decent growth of 4.7% on a quarterly basis, with our Gaming Business continuing its performance. EBITDA margins showed improvement from the previous quarter, primarily due to the revenue increase. We continue to be focused on improving profitability. “