OnMobile Global Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 08, 2024 at 12:07 pm EST
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OnMobile Global Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported revenue was INR 1,241.31 million compared to INR 1,380.96 million a year ago. Net loss was INR 25.25 million compared to net income of INR 40.59 million a year ago. Basic loss per share from continuing operations was INR 0.23 compared to basic earnings per share from continuing operations of INR 0.38 a year ago. Diluted loss per share from continuing operations was INR 0.23.
For the nine months, revenue was INR 4,072.67 million compared to INR 4,089.03 million a year ago. Net income was INR 158.28 million compared to INR 87.88 million a year ago. Basic earnings per share from continuing operations was INR 1.51 compared to INR 0.83 a year ago. Diluted earnings per share from continuing operations was INR 1.51 compared to INR 0.83 a year ago.
OnMobile Global Limited is an India-based company that is engaged in providing mobile entertainment services. The Company is engaged in providing value added services such as Ringback Tones, Digital Content Store and Infotainment. Its geographical segments include India, Latin America and United States of America, Europe, Africa, and Rest of the World. Its Digital Content Store provides digital content like videos, games, music, and images. Its Infotainment offers music, contests, news, and sports to consumers over the mobile. Its ONMO gaming space blends streaming, social gaming, e-sports, and artificial intelligence into a mobile gaming offering. Its white label video streaming solutions offers sports and kids content/ videos. The Companyâs Challenges Arena provides gamers with a platform to play, compete, and connect with friends through engaging quizzes and theme-based challenges. Its subsidiaries include OnMobile Singapore Pte. Ltd., OnMobile Europe BV, and OnMobile USA LLC.