21 cumulative customer agreements in Challenges Arena and PAT grew over 3 times QoQ to INR 8.7 crore
Bengaluru, 11h 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
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