OnMobile Global Limited has informed the Exchange regarding a press release dated August 13, 2025, titled OnMobile Reports First Quarter of Fiscal Year 2026 Results
ONMOBILE · price
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OnMobile Global reported its Q1FY26 (quarter ended June 30, 2025) results. Total revenue stood at INR 1,276 million, up 1.2% year-on-year, while mobile entertainment revenue grew 13% quarter-on-quarter to INR 956 million. Gaming subscription revenue rose 25.2% YoY to INR 317 million, supported by a 13% QoQ and 58% YoY jump in gaming subscribers to 12.04 million. EBITDA climbed to INR 65 million, roughly 7 times the previous year's quarter. Closing cash balance surged to INR 1,086 million, up INR 684 million QoQ, aided by operational cash generation and statutory refunds. Management flagged a conservative move to defer revenue recognition from the DeOSphere contract pending resolution of software restrictions and SLA concerns.
Strong quarter on most fronts – solid subscriber additions, gaming revenue growth, and a sharp cash balance build-up are positives for shareholders. The DeOSphere revenue deferral is a minor watchpoint but reflects prudent accounting rather than a loss. Overall, the results are likely to be viewed positively by the market.