OnMobile Reports Third Quarter Fiscal 2022 Results

21 cumulative customer agreements in Challenges Arena and PAT grew over 3 times QoQ to INR 8.7 crore

OnMobile Global Limited (“OnMobile”), the global leader in mobile entertainment, today announced the financial results for third quarter of FY22 ended December 31, 2021.

Highlights:

  • Challenges Arena: Now live with 8 Operators cumulative in Q3 FY’22 as compared to 5 in Q2 FY’22
  • Challenges Arena: 3.1 Mn cumulative gross additions of subscribers by January 2022
  • Challenges Arena: Revenue doubled every quarter for the last 3 quarters
  • ONMO: Launched real money gaming battles and tournaments
  • ONMO: Launched on Chingari short video app
  • ONMO B2B: partnered and launched with Dialog Sri Lanka
  • PAT grew over 3 times QoQ to INR 8.7 crore with a margin of 6.5% during the quarter
  • Revenue grew by 1.9% QoQ to INR 139 crore
  • Savings of 7.9% in manpower costs  YoY 
  • Marketing cost grew by 14.3% QoQ and 33.8% YoY primarily due to our increased investments in digital space
  • EBITDA at INR 13.4 crore with a margin of 10.1% for the quarter witnessing a growth of almost 2 times QoQ basis

Consolidated Financial Press Release: 

For further information, please visit www.onmobile.com

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