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MOBA Network offer communities to core esport fans to craft gaming strategies and sharing ideas with other passionate players.

Press releases

2023-06-01 09:15:44

Wargraphs S.A.S cash position at the time of the acquisition was higher than expected

M.O.B.A. Network, after acquiring Wargraphs on May 30, 2023, has been able to verify the cash position which has been built up from December 1, 2022, to May 31, 2023. The company took over the company from December 1, 2022, but the company will be consolidated into the results from June 1, 2023. The cash position in Wargraphs amounts to 3.3 MEUR, compared to the previously estimated 2.0-2.5 MEUR communicated via press releases and the investor presentation for the bond. This means that the net debt of M.O.B.A. is lower than expected, which will also positively affect the acquisition

2023-05-30 14:26:16

M.O.B.A. Network completes the acquisition of Wargraphs S.A.S

Today, May 30, M.O.B.A. Network has completed the transaction, which was announced on May 5, and acquired Wargraphs. The acquisition in brief Wargraphs is a leading gaming services provider and in-game application developer providing players with key statistics and data for popular games such as League of Legends, Teamfight Tactics and Legends of Runeterra. Wargraphs operates as a digital publisher with revenues primarily stemming from sales of advertising inventory via its web communities and its world leading in-game application Porofessor with about 800 000 daily active users. Per

2023-05-30 07:30:00

Interim Report 1 2023 - The acquisition of Wargraphs is transformative - diversifies the product portfolio, and increases growth and profitability

SUMMARY OF INTERIM REPORT ONE, 1 JAN – 31 MARCH 2023  FINANCIAL - 1 JANUARY 2023 - 31 MARCH 2023 •    Net sales amounted to MSEK 55.7 (MSEK 67.4), a decrease of 17%. •    EBITDA amounted to MSEK 2.7 (MSEK 8.4), a decrease pf 68%. •    EBIT amounted to MSEK 1.2 (MSEK 7.4), a decrease of 83%.  •    Profit before tax amounted to MSEK 0.5 (MSEK 6.9), a decrease of 93%. •    Cash flow from operating activities before changes in working capital amounted to MSEK 2.6 (MSEK 11.8) during the quarter.  •    Cash and cash equivalents amounted to MSEK 41.5 (MSEK 34.8), and in addition the

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