M.O.B.A. Network (MOBA) Q4 2024 earnings summary

Executive summary

• Achieved organic revenue growth of 13% year-over-year in Q4 and 18% for the full year, with strong cash flow and improved adjusted EBIT/EBITDA.

• Focused on optimizing core holdings, prioritizing high-growth, high-margin assets, and organic expansion through product launches like Valofessor.

• Strategic emphasis on profitability, growth, and operational efficiency, with profitability as a top priority to strengthen the balance sheet.

• The cancellation of the Wargraphs earn-out eliminated potential shareholder dilution and simplified the balance sheet.

Financial highlights

• Q4 2024 revenue rose 13% year-over-year to SEK 93 million; full-year revenue up 18% to SEK 321 million.

• Adjusted EBITDA for Q4 increased 15% to SEK 20 million; full-year adjusted EBITDA up 59% to SEK 62 million.

• Cash flow before changes in working capital rose to SEK 10 million in Q4 and SEK 27 million for the year.

• Q4 EBIT dropped 57% to SEK 15 million; full-year EBIT up 3% to SEK 38 million.

• Earnings per share for Q4 was SEK 0.1; full-year EPS SEK 0.0.

Outlook and guidance

• 2025 priorities include expanding in-game app offerings, enhancing user engagement, and launching new subscription-based products to sustain growth.

• Management expects to build on 2024's positive momentum, focusing on organic growth and operational efficiency.

• Likely to continue bond repurchases in 2025 to reduce net debt.