M.O.B.A. Network (MOBA) Q2 2025 earnings summary

Executive summary

• Strategic actions in product development, commercial initiatives, and cost discipline began to yield results in Q2 2025, with June revenue nearly matching last year and July continuing the trend.

• Despite a 20% year-over-year revenue decline, positive momentum and a strengthened foundation for growth are noted entering H2 2025.

• New product launches and commercial partnerships are expected to drive growth and recurring revenue in the second half of the year.

Financial highlights

• Q2 2025 revenue was SEK 65 million, down 20% year-over-year; EBITDA was SEK 11 million, down 30%.

• EBIT for Q2 2025 was SEK 5 million, a 45% decrease from the prior year; profit before tax was SEK -1 million.

• Earnings per share for the quarter were SEK 0.0, compared to SEK 0.1 in Q2 2024.

• Cash flow from operating activities before changes in working capital was SEK 0.6 million, down from SEK 7 million.

• Total assets at quarter-end were SEK 646 million, with cash and cash equivalents at SEK 17.7 million.

Outlook and guidance

• Management anticipates a return to growth in H2 2025, supported by new products, premium features, and expanded partnerships.

• The balance sheet remains stable, with managed net debt and a commitment to targeted strategic investments.