M.O.B.A. Network (MOBA) Q3 2025 earnings summary

Executive summary

• Q3 2025 saw a 27% year-over-year revenue decline to SEK 58.8 million, with EBITDA down 45% to SEK 8.5 million, reflecting a challenging ad market and lower user engagement.

• Profit before tax was SEK -5.8 million, and net loss for the quarter was SEK -7.3 million, with EPS at SEK -0.3.

• Strategic focus remains on product innovation, diversification, and long-term growth, with new product launches and partnerships.

Financial highlights

• Revenue for Q3 2025: SEK 58.8 million (Q3 2024: SEK 80.1 million), down 27% year-over-year.

• EBITDA: SEK 8.5 million (Q3 2024: SEK 15.4 million), margin 14% (19%).

• EBIT: SEK 2.5 million (Q3 2024: SEK 9.7 million), margin 4% (12%).

• Net loss: SEK -7.3 million (Q3 2024: SEK 1.1 million).

• Cash flow from operating activities before working capital: SEK -2.4 million (Q3 2024: SEK 7.8 million).

• Total assets: SEK 649 million; cash and cash equivalents: SEK 36.3 million.

Outlook and guidance

• Management expects continued short-term headwinds from a weak ad market and lower engagement in key gaming segments.

• Growth outlook remains strong, with focus on product innovation, organic expansion, and diversification of revenue streams.