OnMobile Global reported Q1 FY27 Gross Revenue of INR 124.1 Cr, a 3.8% QoQ dip.

Gaming revenue, however, grew 2.4% QoQ to INR 39.4 Cr, showing consistent momentum.

EBITDA stood at INR 1.5 Cr, lower QoQ due to ONMO+ launch expenses.

The company posted a PAT of (INR 28.9 Cr), impacted by INR 14.1 Cr severance costs.

A key strategic move is the launch of the ONMO+ Smart Console via Flipkart, expanding beyond mobile gaming into the console/PC market.

This console aims for higher average revenue per user (ARPU) and stronger user retention.

Early engagement for ONMO+ is strong across 226 cities.

Future growth will be driven by new distribution channels like retail stores and ISPs, alongside existing telecom partnerships.

Management forecasts 50% growth in Gaming Revenues for FY27, expecting a re-rating towards gaming industry valuations.