M.O.B.A. Network AB (publ) (MOBA) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to MOBA Network's Interim Report 2. I'm Anders Ribbing and I'm the company's CEO. Our company is a world-leading community and product operator and consolidator, and we provide engaging experiences for gamers. We create, acquire, and manage products that serve millions of passionate gamers worldwide, and we're growing with the ever-expanding gaming industry. Our product portfolio consists of 25 top community, data, and forum websites. Pioneering in-game apps, YouTube, Creator Network, Union for Gamers. We let gamers connect, learn, and share their passion, and our diversified portfolio utilizes network effects, synergies, and it's based on world-leading game titles with longevity. We are a truly global company with massive reach in the gaming community that we enable advertisers to tap into. Traffic, user data, views on YouTube, etc. clearly suggest that our products are among the world's largest meeting places for gamers. We're a lean team of 10 employees, 28 full-time equivalents, and we're running the whole company. Q2 marks a record-breaking quarter, the best second quarter in our history. We achieved this in a globally challenging economic climate and in a gaming industry that saw a recovery, but in many game studios and peers still struggling. I'd like to see MOBA as Levi Strauss of the gold rush, as we have managed to thrive when many others haven't. Revenue increased 82 million, up 28% compared to Q2 2023. EBITDA increased 16 million, up 891%. This massive increase in EBITDA is much attributed to our acquisition of war graphs, but also organic growth. EBIT amounted to €10 million. Cash flow from operating activities before changes in working capital amounted to €7 million. Our strong cash flow and cash position made it possible for us to repurchase co...