Update regarding the fourth quarter of 2023
Preliminary results for the fourth quarter (not audited by the company's auditors)
| 2023-10-01 | 2022-10-01 | 2023-01-01 | 2022-01-01 |
Amount in TSEK | 2023-12-31 | 2022-12-31 | 2023-12-31 | 2022-12-31 |
Revenue | 82 147 | 80 306 | 273 154 | 289 815 |
Adjusted EBITDA | 17 673 | 7 600 | 38 665 | 32 130 |
EBITDA | 74 184 | 7 600 | 89 801 | 32 130 |
Adjusted EBIT | 14 366 | 6 342 | 22 982 | 27 314 |
EBIT | 34 037 | 6 342 | 37 277 | 27 314 |
* Adjusted EBITDA consists of operating profit before depreciation and amortization, adjusted for costs and revenues of a one-time nature.
* Adjusted EBIT consists of the operating result adjusted for write-downs, costs, and revenues of a one-time nature.
Non-cash affecting write-downs
As a result of the historically weak advertising market shown in 2023 combined with an increased discount rate (WACC), the booked value has been challenged in the short term for Critical Click, an asset acquired in 2018. Therefore, a non-cash affecting write-down has been made with 27 MSEK.
The company has also decided to migrate LoLWiz to the Porofessor app because Porofessor is the leading app in the market and the product M.O.B.A. will continue to invest in, which means that the asset needs to be written off from the balance sheet, amounting to 10 MSEK.
No additional purchase consideration for the acquisition of Wargraphs S.A.S. for year 1
The company has determined that no additional purchase consideration will be paid out for year 1 regarding the acquisition of Wargraphs S.A.S., which in accordance with IFRS will be recorded as other income and positively affects the result with 57 MSEK. The company continues to have confidence in the long-term growth prospects for the assets in Wargraphs S.A.S. with a continued strong inflow of users to Porofessor.
In total, the above adjustments for write-downs and omitted additional purchase consideration positively affect the EBIT by
This disclosure contains information that
Björn Mannerqvist, CEO
Mail: info@wearemoba.com
Web: https://wearemoba.com
Certified Adviser -
https://news.cision.com/m-o-b-a-network-ab/r/m-o-b-a--network-ab--publ--updates-on-the-fourth-quarter-and-decides-on-reversal-of-additional-purch,c3930317
https://mb.cision.com/Main/17986/3930317/2610712.pdf
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