OnMobile Global has announced the results for the Third Quarter FY2014 ended December 31, 2013. Revenue for Q3 FY2014 was Rs.2,255 million, an increase of 28.0% y-o-y and 0.2% q-o-q. This includes financials of OnMobile Live (OLI).
The Company’s Latin America revenues has increased 14.6% y-o-y, which, however, declined 10.6% q-o-q, whereas the India revenues has declined 17.1% y-o-y.In other emerging markets, the revenues recorded growth of 4.3% y-o-y and decrease of 7.6% q-o-q. Europe markets continued robust growth with revenues increasing 128.4% y-o-y and 9.7% q-o-q, driven by CVAS offering.
The net revenues for Q3 FY2014 was Rs.2,043 million, up 16.0% as compared to Q3 FY2013. International businesses increased by 34.4% to Rs.1,521 million and contributed 74% of the Net Revenue in Q3 FY2014 as against 64% in Q3 FY2013. EBITDA decreased by 22.8% to Rs.38 million and Net Profit declined by 85.7% to Rs.30 million
Additionally, EBITDA rate for Q3 was marginally higher at US$0.7 million on account of separation cost of US$0.2 million.
