M.O.B.A. Network (MOBA) Q1 2026 earnings summary

Executive summary

• Q1 2026 marks a visible turnaround after a challenging 2025, with strategic actions beginning to show results.

• The divestment of Magic Find Inc. (UFG) in March 2026 fundamentally changed the business profile, focusing on higher-margin app and web platforms.

• Financial constraints have eased, enabling a renewed focus on product development and operational efficiency.

Financial highlights

• Revenue for Q1 2026 was SEK 40 million, down 37% year-over-year, mainly due to the UFG divestment.

• EBITDA increased 4% to SEK 7.8 million, with an EBITDA margin of 19% (up from 12%).

• Adjusted EBITDA (excluding divestment effects) was SEK 5.2 million, down 31% year-over-year.

• Profit before tax improved to SEK -1.3 million from SEK -8.8 million in Q1 2025.

• Cash and cash equivalents rose to SEK 107 million, driven by the Magic Find Inc. sale.

Outlook and guidance

• The business is now simpler and more focused, with a strong pipeline of new products and features, especially in apps.

• App revenue grew 14% year-over-year in Q1 and 25% in March, indicating strong momentum.

• Management is confident in meeting remaining bond redemption requirements and continuing to invest in high-potential products.