M.O.B.A. Network (MOBA) Q2 2024 earnings summary

Executive summary

• Achieved record-breaking Q2, the best second quarter in company history, with revenue up 28% year-over-year to SEK 82 million and EBITDA up 891% to SEK 16 million, driven by digital assets, acquisitions, and ad market recovery.

• Product portfolio includes 25 top community and forum websites, in-game apps, and a YouTube creator network, serving millions of gamers globally.

• Cash flow from operations before working capital changes reached SEK 7.2 million, supporting bond buybacks and acquisition payments.

• Strategic sales partnerships and ad market recovery contributed to strong performance.

• Gaming and advertising market recovery, plus strategic focus on high-impact assets, underpin positive outlook.

Financial highlights

• Q2 revenue: SEK 82 million, up 28% year-over-year; EBITDA: SEK 16 million, up 891%; EBIT: SEK 10 million.

• Q2 profit before tax: SEK 1.3 million; EPS: SEK 0.1.

• H1 2024 revenue: SEK 148 million, up 24%; EBITDA: SEK 26 million, up 507%; EBIT: SEK 14 million, up 967%.

• Cash and cash equivalents at period end: SEK 36 million; equity/assets ratio: 38%.

• Cash flow from operating activities before changes in working capital was SEK 7 million in Q2.

Outlook and guidance

• Q3 has started well, with continued focus on growth, new app launches, and capitalizing on ad market recovery.

• US presidential election expected to boost US ad inventory and prices in Q3 and Q4.

• Plans to launch more in-game apps and expand existing brands.

• Anticipates continued growth as gaming and ad markets recover.