29-Oct-2026 07:33:30
ONMOBILE GLOBAL Q2 FY27: GAMING REVENUE GROWTH GUIDANCE OF 50%; SMART CONSOLE EXPANSION & MARGIN IMPROVEMENT PLANS
• FY27 Gaming Guidance: Management expects gaming revenue to grow 50% in FY27, supported by subscriptions, platform licensing and Smart Console • Recurring Revenue Guidance: Gaming monthly recurring revenue (MRR) projected to grow 15–20% in FY27, following 33% growth in FY26 • International Expansion: Smart Console expansion planned in Spain by December 2026, with additional international markets targeted in 2027 • Smart Console Launch: ONMO+ Smart Console launched on Flipkart across India and Poorvika retail stores in Tamil Nadu • Distribution Expansion: Signed agreement with Savex to expand distribution across national retail, regional retail, quick commerce and e-commerce channels • Future Plans: ONMO+ webstore scheduled for November 2026; exploring partnerships with broadband providers, Smart TV manufacturers and telecom operators • Margin Improvement: Entertainment & Communication product EBITDA margin targeted to improve from 20% towards 25%, while Gaming product EBITDA margin targeted to increase from 10% towards 25% • Gaming Subscribers: Active subscribers increased 5.4% QoQ to 1.45 Cr, adding approximately 7.4 lakh customers during Q2 • Quarterly Results: Revenue increased 3.4% QoQ to ₹128.4 Cr, while EBITDA improved to ₹2.4 Cr from ₹1.5 Cr QoQ • Profitability: Net loss narrowed to ₹10.5 Cr from ₹28.9 Cr QoQ, against a net profit of ₹6 Cr in the year-ago quarter • Cash Position: Gross cash balance increased to ₹170.7 Cr from ₹135.5 Cr QoQ, supported by NCD proceeds and positive operating cash flow • Technology Investment & Capex: Over $35 million invested in technology; Smart Console expansion expected to require limited incremental investment through existing infrastructure. No fresh quantified capex guidance disclosed
ONMOBILE GLOBAL LTD.