OnMobile Global Limited is a Bangalore-headquartered global developer of telecom-focused mobile entertainment and gaming platforms, offering ringback tones, videos, instant and social gaming (Challenges Arena, ONMO), operator-hosted gaming platforms, and an emerging gaming console product built for telco distribution and D2C sales across emerging markets.

Q3 FY26 revenue was INR 1,369 million with EBITDA of INR 81 million and PAT of INR 35 million; gaming revenue grew strongly to INR 453 million (up 27.5% QoQ) and gaming contributed one-third of revenues, reflecting the pivot of OnMobile’s growth profile toward subscription-based gaming and platform licensing.

OnMobile reports a gross cash balance of INR 1,385 million, 13.7 million gaming subscribers, 2,500 operator-side servers, and claims 120 gaming deployments across 54 countries — indicating scale in operator integrations and a capitalized technology base from over $35 million invested in proprietary IP and platform development.

Management targets gaming MRR expansion from $1.6 million to $2 million by Q4 FY26 and $3 million within 18 months, while pursuing a staged launch of a controller-plus-box cloud gaming console; this introduces hardware-led capex and inventory financing alongside software recurring revenue.

Key short-term risks include rising DSO (123 days), short-term borrowings of INR 881 million, and working-capital sensitivity as operator collections and content payables drive cash volatility despite profitable core operations.