M.O.B.A. Network AB (publ) (MOBA) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, I'm Anders. I'm the CEO of MOBA Network, and thanks for watching this presentation of MOBA Network's results in Q1. MOBA Network owns and operates a diversified portfolio of gaming community platforms, in-game apps, and a multi-channel network of video content creators. Our vision is to become the go-to destinations for gamers and creators worldwide. We reach more than 220 million gamers every month, and we engage users across the world's most popular games. Our products serve as a layer in the gaming ecosystem that provides gamers with content, data, insights, tools. In essence, gamers can level up their game by using our products. We primarily monetize through advertising, but we're heavily focused on increasing subscription-based revenue. After three record-breaking quarters, we didn't manage to meet our expectations in Q1. Revenue versus same period last year was down 4%, 66 to 64 million. EBITDA down 26%, 10 to 8 million. EBIT versus same period last year down 64%, 4 to 2 million, and cash flow from operating activities before changes in working capital was down 3 million. Our LTM numbers quarter by quarter remain strong. Revenue is up 12% compared to Q1 24, LTM EBITDA up 45% compared to Q1 24. So Q125 has been about navigating headwinds and also advancing our long-term growth agenda. Seasonally, Q1 is a week quartered, but this was also amplified by global economic uncertainty and US tariffs. We also did see lower engagement in key products, especially our products that are connected to the game of League of Legends. Our product and tech team are pursuing a very ambitious product roadmap and working hard. We've managed to add more direct sales partners, we've optimized our ad setup experience across many products, and we also launched a new cross-promotiona...