Sweden's MOBA Network Q1 revenue falls 37% after video unit sale

MOBA Network AB

29/04/2026 07:07

Overview

Sweden gaming platforms operator's Q1 revenue fell 37% yr/yr after video segment divestment

Adjusted EBITDA for Q1 declined 31% yr/yr, reflecting lower contribution from divested units

Company reduced bond debt and expects lower interest costs after UFG sale

Outlook

MOBA Network is confident it will meet EUR 1 mln bond redemption by September 2026

Result Drivers

VIDEO SEGMENT DIVESTMENT - Revenue and adjusted EBITDA declined mainly due to the sale of the UFG video sales segment, which removed a high-revenue, low-margin business from results

CURRENCY HEADWINDS - Unfavorable SEK/USD exchange rates amplified the decline in reported revenue

Company press release: ID:nMFN2d5C6V

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 40 mln
Q1 EPS
SEK 0
Q1 EBIT
SEK 2.30 mln
Q1 EBITDA
SEK 7.80 mln
Q1 Pretax Profit
-SEK 1.30 mln


Analyst Coverage

Wall Street's median 12-month price target for MOBA Network AB is SEK9.00, about 452.1% above its April 28 closing price of SEK1.63

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)