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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
M.O.B.A. Network
M.O.B.A. Network (MOBA) investor relations material
M.O.B.A. Network Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary30 Jul, 2026
Executive summary
Q2 2026 marked the first full quarter post-divestment of the Video Sales segment, focusing solely on in-game apps and web platforms.
Revenue and EBITDA declined year-over-year due to the divestment and ongoing market headwinds, but cost reduction programs and strategic refocusing are showing early positive effects.
The company is transitioning to a higher-margin, product-focused model, leveraging AI for operational efficiency and product innovation.
Financial highlights
Q2 2026 revenue was SEK 15.8 million, down 76% year-over-year; adjusted revenue (excluding divested segments) fell 24% to SEK 15.8 million.
Q2 2026 EBITDA was SEK 6.4 million (margin 40%), down 43%; adjusted EBITDA was SEK 6.5 million (margin 41%), down 31%.
EBIT for Q2 2026 was SEK 559 thousand, down 89% year-over-year.
Profit before tax for Q2 2026 was SEK -1.5 million; earnings per share SEK -0.1.
Net debt reduced 40% year-over-year to SEK 126.5 million; equity/assets ratio improved to 53%.
Outlook and guidance
Strategic focus is on deepening engagement and monetization in core gaming ecosystems, expanding subscription revenue, and leveraging AI for faster, more efficient product launches.
The company expects continued improvement in web business and app monetization, with cost structure now aligned to current revenue base.
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Latest events from M.O.B.A. Network
- Divestment of Magic Find Inc. reshaped the business, boosting margins and financial flexibility.MOBA
Q1 2026 - 2025 saw steep revenue and profit declines, prompting asset divestment and strategic refocus.MOBAQ4 2025
- Revenue dropped 27% in Q3 2025, but strategic initiatives and cash flow improved.MOBAQ3 2025
- Q2 2025 saw revenue decline but early signs of recovery and growth initiatives are emerging.MOBAQ2 2025
- Record Q3 with double-digit growth, strong cash flow, and new product launches boost outlook.MOBAQ3 2024
- Record-breaking Q2 with strong revenue and EBITDA growth, fueled by digital assets and ad recovery.MOBAQ2 2024
- Q1 revenue and profit declined, but UFG and innovation initiatives support future growth.MOBAQ1 2025
- Revenue up 18% and adjusted EBITDA up 59%, with focus on debt reduction and subscriptions.MOBAQ4 2024
Next M.O.B.A. Network earnings date
Q3 202618 Nov, 2026
M.O.B.A. Network
Next M.O.B.A. Network earnings date
Q3 202618 Nov, 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.