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Mdundo.com (MDUNDO) investor relations material
Mdundo.com Q1 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 priorities: grow direct subscribers, improve native-app engagement, target diaspora and higher-income African users, and pursue new telco formats.
EBITDA break-even remains targeted within 12–18 months of the May 2026 rights issue.
Financial highlights
Telco subscription payments were 5.7m, down 17% QoQ from 6.9m in Q4 FY 2025/26.
Music subscription payments via mobile money and card rose 25% QoQ to ~9.3k; total mobile money and card payments fell to ~12.7k from 18k as game payments declined.
FY 2026/27 revenue guidance remains DKK 8.0–10.0m; EBITDA DKK -1.0m to 0.0m; year-end cash DKK 6.5–7.5m.
Outlook and guidance
FY 2026/27 guidance unchanged: revenue DKK 8.0–10.0m, EBITDA DKK -1.0m to 0.0m, and year-end cash DKK 6.5–7.5m.
A microapp within a leading telco’s native app is expected to launch in Q2; discussions on data and music bundles continue with several telcos.
- Lower costs narrowed the EBITDA loss, but telco declines still outpaced direct-payment growth.MDUNDO
Q4 25/26 - Direct payments surged 108% as cost cuts and new app launches drive direct subscriber focus.MDUNDO
Q3 25/26 - User base up 11% YoY to 41.8M; new payment and gaming features drive subscription focus.MDUNDO
Q1 25/26 - Profitability improved and cash burn reduced, despite lower revenue and billing challenges.MDUNDO
Q2 25/26 - MAUs up 14%, subscription revenue rises 18%, advertising drops 51%, EBITDA improves.MDUNDO
Q4 24/25 - Subscription revenue surged 68% as user growth exceeded targets, despite lower ad sales.MDUNDO
Q4 23/24 - 37.8M users reached, paid services drive 62% of revenue, and new partnerships fuel growth.MDUNDO
Q1 24/25 - User base up 14% to 39.2M; revenue outlook trimmed amid telecom billing issues.MDUNDO
Q3 24/25 - EBITDA improved 36% and premium revenue rose 45%, offsetting a 44% ad revenue drop.MDUNDO
Q2 24/25
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