Business News | OnMobile Global Posts Q1 Revenue at Rs 135 Crore, PAT Up 36 Pc
Get latest articles and stories on Business at LatestLY. Cloud gaming platform OnMobile Global has clocked 10 per cent quarter-on-quarter and 36 per cent year-on-year growth in profit at Rs 16 crore in the April to June quarter.
Bengaluru (Karnataka) [India], August 7 (ANI): Cloud gaming platform OnMobile Global has clocked 10 per cent quarter-on-quarter and 36 per cent year-on-year growth in profit at Rs 16 crore in the April to June quarter.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) at Rs 15 crore continued to remain in double digits with a margin of 11.3 per cent.
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Continuing efforts on cost rationalisation efforts also helped in retaining double digit EBITDA margin, said the company, while revenue totalled Rs 135 crore in Q1 FY22.
OnMobile offers a wide array of products like videos, tunes, games and contests. Based on current deployments, it has over 100 million active subscribers and an addressable base of more than 1.68 billion mobile users across several geographies. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)