Mdundo.com (MDUNDO) Q3 24/25 earnings summary

Executive summary

• Monthly active users reached 39.2 million in March 2025, a 14% year-on-year increase from 34.5 million in March 2024.

• Achieved goal of launching three new telco partnerships within FY 2024/25, expanding reach across Africa.

• Entered first francophone market via MTN Cameroon, offering access to 13 million new customers.

• Initiated a strategic review to explore growth opportunities, including potential ownership changes or strategic investments.

Financial highlights

• Revenue guidance updated to DKK 11-12M for FY 2024/25, in line with last year's DKK 11.9M.

• EBITDA expected at DKK minus 4M to minus 5M, an improvement of DKK 1.4-2.4M from the previous year.

• Advertising revenue in Q3 impacted by low ad prices, but improvement expected in the coming quarters due to increased campaign volume.

Outlook and guidance

• Targeting 40 million monthly active users by June 2025, up from 35 million at the end of last financial year.

• Premium subscriptions expected to launch via direct billing for the web-based app in Q4.

• Revenue outlook revised downward from DKK 12-15M to DKK 11-12M due to ongoing telecom billing issues.