Mdundo.com (MDUNDO) Q1 24/25 earnings summary

Executive summary

• Achieved 37.8 million monthly active users in September 2024, with a focus on local music and low data consumption for African markets.

• Strategic partnerships with major telecoms, including new deals with Globacom Nigeria and another operator, expanded reach and subscription revenue.

• Emphasis on regional language content and targeted advertising to drive user engagement and monetization.

Financial highlights

• Paid services accounted for 62% of total revenue in the last financial year, with subscription revenue growing 68% in 2023/24.

• Revenue guidance for FY 2024/25 set at DKK 15-17 million, up from DKK 11.9 million in 2023/24.

• Targeting EBITDA of DKK -4 to -5 million, an improvement of DKK 1.4-2.4 million year-over-year.

Outlook and guidance

• Projecting 40 million monthly active users by June 2025.

• Expecting to sign 2-3 new telecom partnerships within FY 2024/25.

• Plans to launch a premium service for the African diaspora before the end of 2024.