Challenges Arena: Revenue doubling every quarter and 26 cumulative customer agreements by March’22
Bengaluru, 19th May 2022: OnMobile Global Limited (“OnMobile”), the global leader in mobile entertainment, today announced the financial results for the fourth quarter and full year of FY22 ended March 31, 2022.
Commenting on FY22 results, Sanjay Baweja, CEO & MD, OnMobile, said, “We are happy with the year’s overall performance and the quarter gone by. We are on a transformational journey as we pivot our focus to mobile gaming. We have launched ONMO our social esports mobile gaming platform. Challenges Arena, our mobile quiz gaming app launched earlier, has shown huge growth during the year. We will continue to see significant demand for eSports and social gaming. Our vision is to build cutting-edge mobile gaming products while simultaneously working on digitizing our core B2B businesses.”
Asheesh Chatterjee, Global Group CFO, said, “We are pleased to report another quarter of consistent growth in our new endeavours while maintaining margins. Our revenue stood at INR 544 crores for FY22. Cost optimization efforts continued and we managed to sustain EBITDA margin at 8.8% for FY’22”
Consolidated Financial Press Release
OnMobile [NSE India: ONMOBILE] [BSE Ltd: 532944], is a global leader in mobile entertainment. Headquartered in Bangalore, India and with a presence in many countries across the world, it is focused on building cutting-edge Mobile Gaming products while also offering a wide array of products such as Videos, Tones, & Contests. Based on current deployments, OnMobile has over 80 million monthly users across the globe. For further information, please visit www.onmobile.com