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M.O.B.A. Network
M.O.B.A. Network (MOBA) investor relations material
M.O.B.A. Network Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary26 Feb, 2026
Executive summary
Revenue for 2025 was SEK 251 million, down 22% year-over-year, with Q4 revenue at SEK 63 million, down 32% from Q4 2024.
EBITDA for 2025 was SEK 37 million, a 40% decrease year-over-year; Q4 EBITDA was SEK 10 million, down 50% from Q4 2024.
EBIT for 2025 was SEK -28 million, compared to SEK 38 million in 2024, impacted by SEK 41.7 million in non-cash impairments.
The company initiated a strategic review and announced the divestment of Union for Gamers (Magic Find Inc.) to reduce leverage and focus on high-margin assets.
Financial highlights
Adjusted EBIT for 2025 was SEK 13 million, down 134% year-over-year; Q4 adjusted EBIT was SEK 4 million.
Profit before tax for 2025 was SEK -62 million, compared to SEK 1 million in 2024.
Cash flow from operating activities before changes in working capital was SEK 8 million for 2025.
Equity at year-end was SEK 230 million, with an equity/assets ratio of 40%.
Net debt at year-end was SEK 203 million.
Outlook and guidance
2026 is expected to benefit from cyclical advertising demand drivers such as the U.S. midterm elections and FIFA World Cup.
Strategic focus is on scaling the app ecosystem, growing subscription revenues, and strengthening the balance sheet.
The company aims to conclude refinancing and extend long-term financial stability.
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Latest events from M.O.B.A. Network
- Record-breaking Q2 with strong revenue and EBITDA growth, fueled by digital assets and ad recovery.MOBA
Q2 202423 Jan 2026 - Record Q3 with double-digit growth, strong cash flow, and new product launches boost outlook.MOBAQ3 202418 Jan 2026
- Revenue up 18% and adjusted EBITDA up 59%, with focus on debt reduction and subscriptions.MOBAQ4 202424 Dec 2025
- Q1 revenue and profit declined, but UFG and innovation initiatives support future growth.MOBAQ1 202524 Nov 2025
- Revenue dropped 27% in Q3 2025, but strategic initiatives and cash flow improved.MOBAQ3 202530 Oct 2025
- Q2 2025 saw revenue decline but early signs of recovery and growth initiatives are emerging.MOBAQ2 202531 Jul 2025
Next M.O.B.A. Network earnings date
Q1 202629 Apr, 2026
M.O.B.A. Network
Next M.O.B.A. Network earnings date
Q1 202629 Apr, 2026
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