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Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
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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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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Frequently asked questions
M.O.B.A. Network AB is a Swedish company that operates global online gaming communities and platforms, primarily serving fans of multiplayer online battle arena (MOBA) games and other popular video games. It provides spaces where gamers can exchange strategies, insights, and ideas. The company's portfolio includes well-known gaming communities such as MOBAFire, DOTAFire, SmiteFire, and HeroesFire, among others. It also operates the Union for Gamers, a YouTube network supporting over 1,000 content creators. The company is headquartered in Stockholm, Sweden, and its shares are listed on the Nasdaq Stockholm.
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