Q3 2025 Onmobile Global Ltd Earnings Call Transcript
Key Points
- OnMobile Global Ltd (BOM:532944) reported a robust 26.3% quarter-on-quarter revenue growth, driven primarily by gaming revenues.
- Gaming now constitutes 45% of the company's total revenues, with gaming subscription revenue growing by 16.9% quarter-on-quarter.
- The company has successfully reduced its operating expenses by 10% year-on-year, enhancing efficiency and productivity.
- Net loss has been reduced to INR5.2 crores from INR12 crores quarter-on-quarter, indicating progress towards profitability.
- The company is actively negotiating with content partners to reduce content costs, which has already shown a positive impact.
- The cost of software licenses has significantly increased, rising from 2.5% to 22% of total income year-on-year, impacting profitability.
- Legacy business revenues have declined, contributing to a decrease in overall gross margins.
- The company requires a substantial investment of $15 million in server deployments to maintain and grow gaming platform revenues.
- There is a dependency on raising funds through a QIP to finance necessary CapEx for server deployments, which poses a financial risk.
- The company has experienced a decline in mobile entertainment revenues in Europe, which remains a challenge despite efforts to launch premium services.
(Operator Instructions)
Ladies and gentlemen, good day. And Welcome to the OnMobile Global Limited Q3 FY'25 Earnings Conference Call.
As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the call, please signal an operator by pressing '*' then '0' on your touchtone phone. Please note that this conference is being recorded.
I now hand the conference over to Mr. Pratik Jagtap from EY Investor Relations. Thank you and over to you, sir.
Thank you Reo Good day and welcome to Q3 FY'25 earnings hall of on OnMobile Global Limited representing the management. Today we have Francois-Charles Sirois, Executive Chairman and CEO Radhika Venugopal, CFO. Bikram Singh Sherawat, President and CEO.
The call will start with brief update about the overall performance during the quarter by Bikram will share insights on operations followed by Radhika who will update
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