Press releasesFebruary 5, 2015
OnMobile Global Limited (“OnMobile”) today announced the results for Third Quarter FY2015 ended December 31, 2014. The revenues for the fiscal quarter increased by 9.3% q-o-q and 0.6% y-o-y. EBITDA increased significantly by 67.4% q-o-q to $7.8 million at 20.5% margin (increased by 711 bps compared to Q2 FY2015). Net cash position as on 31st Dec. 2014 is $36.8 million.
Mr. Rajiv Pancholy, CEO & MD, OnMobile Global, said: “We are pleased with our third quarter results, which clearly demonstrates our resolve to grow OnMobile to the next tier. I want to congratulate and thank all the employees and stakeholders of OnMobile, who have worked tirelessly and tenaciously to achieve this important milestone.”
“We have progressed tremendously this quarter and achieved positive operating profit. This turnaround was accomplished through solid revenue growth and aggressive emphasis on cost management,” said Mr. Praveen Kumar, CFO, OnMobile Global.
Q3 FY2015 Business highlights:
India (23% of total revenues):
International business (77% of total revenues):
Other emerging markets:
Q3 FY2015 Financial performance:
OnMobile [NSE India: ONMOBILE], headquartered in Bangalore, India, and with offices in all regions of the world, delivers more than 300 million music plays per day to mobile customers in 50 countries on 5 continents. Thanks to established relationships with more than 80 leading mobile operators, OnMobile is steadily enlarging its global footprint. For further information, please visit www.onmobile.com.
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