Mdundo.com (MDUNDO) Q1 24/25 earnings summary
Event summary combining transcript, slides, and related documents.
Q1 24/25 earnings summary
13 Jun, 2025Executive summary
Achieved 37.8 million monthly active users in September 2024, with a focus on local music and low data consumption for African markets.
Strategic partnerships with major telecoms, including new deals with Globacom Nigeria and another operator, expanded reach and subscription revenue.
Emphasis on regional language content and targeted advertising to drive user engagement and monetization.
Financial highlights
Paid services accounted for 62% of total revenue in the last financial year, with subscription revenue growing 68% in 2023/24.
Revenue guidance for FY 2024/25 set at DKK 15-17 million, up from DKK 11.9 million in 2023/24.
Targeting EBITDA of DKK -4 to -5 million, an improvement of DKK 1.4-2.4 million year-over-year.
Outlook and guidance
Projecting 40 million monthly active users by June 2025.
Expecting to sign 2-3 new telecom partnerships within FY 2024/25.
Plans to launch a premium service for the African diaspora before the end of 2024.
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- EBITDA improved 36% and premium revenue rose 45%, offsetting a 44% ad revenue drop.MDUNDOQ2 24/25