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

Bengaluru, 1^1h February, 2022: 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