Financial Performance Overview

OnMobile Global Limited announced its unaudited consolidated financial results for the first quarter of fiscal year 2027 ended June 30, 2026.

Revenue Performance:

  • Q1 FY27 Revenue from Operations: INR 1,227.55 Mn
  • Total Income (including other income): INR 1,240.95 Mn
  • Revenue declined by 3.8% quarter-over-quarter (QoQ) from INR 1,276.73 Mn in Q4 FY26
  • Year-over-year (YoY) comparison: Revenue decreased from INR 1,253.30 Mn in Q1 FY26

Gaming Segment Performance:

  • Q1 FY27 Gaming Revenue: INR 394 Mn
  • Gaming revenue increased by 2.4% QoQ

Profitability Metrics:

  • Q1 FY27 EBITDA: INR 15 Mn (includes ONMO+ launch expenses)
  • Profit before tax and exceptional items: Loss of INR 88.36 Mn
  • Profit before tax: Loss of INR 229.80 Mn
  • Net loss for the quarter: INR 289.23 Mn
  • Basic and diluted earnings per share: (Rs. 2.72)

Comparative Performance:

  • Q1 FY27 net loss of INR 289.23 Mn compares to net profit of INR 155.90 Mn in Q1 FY26
  • Q4 FY26 net loss was INR 365.34 Mn

Expense Breakdown:

  • Content fee and royalty: INR 565.40 Mn
  • Employee benefits expenses: INR 278.86 Mn
  • Marketing expenses: INR 226.88 Mn
  • Depreciation and amortization: INR 93.01 Mn
  • Finance costs: INR 22.14 Mn
  • Other expenses: INR 100.83 Mn

Cash Position:

  • Closing cash balance as of June 30, 2026: INR 1,355 Mn

Strategic Developments

ONMO+ Smart Console Launch:

  • Launched on June 26, 2026, through Flipkart partnership
  • Marks OnMobile's entry into the console gaming market in India
  • Product available directly to consumers via retailers and e-commerce platforms
  • Distributed across OnMobile's operator ecosystem globally
  • The Smart Console includes a pro gaming controller and instant access card
  • Enables Console/PC gaming across devices (Smart TV, tablet, and phone) without additional costly hardware
  • Company is in advanced discussions with retail partner groups for further distribution

Management Commentary

Bikram Singh Sherawat, President & COO:

"This quarter we launched ONMO Plus and entered the console gaming market in India. Now live on Flipkart, it opens new distribution channels and takes OnMobile beyond its telco roots into ecommerce, broadband and retail. Gaming revenue grew 2.4% in the quarter in the next few months we are exploring new marketing channels. Our Tones business stayed steady, with a continued focus on building efficiency. Building on this foundation, we remain focused on converting our pipeline and driving sustainable growth in the quarters ahead."

Radhika Venugopal, Global CFO:

"Our ONMO+ Smart Console launch, along with our strong pipeline, positions us well for a growth in the coming quarters. We remain focused on improving profitability, sustainable EBITDA growth, and stronger cash generation. As our gaming business scales, increasing operating leverage is expected to drive greater efficiency. We remain confident in delivering sustainable growth and creating long-term value for shareholders."

Company Background

OnMobile Global Limited is headquartered in Bangalore, India, with operations across 41 countries. The company has over 25 years of experience in mobile gaming, entertainment, and enterprise solutions, serving telecom operators to engage and monetize their subscriber base, reaching over 69 million monthly active subscribers worldwide.