Mdundo.com (MDUNDO) Q2 24/25 earnings summary

Executive summary

• Achieved 36% year-over-year improvement in EBITDA, narrowing loss to DKK -2.11 million, driven by operational optimizations and focus on core revenue streams.

• Premium subscription revenue surged 45% year-over-year, supported by new telco partnerships with Glo Nigeria and Vodacom South Africa.

• Advertising revenue declined 44% due to a significant drop in digital ad prices.

• Monthly active users (MAUs) grew 26% year-over-year to 38.8 million, on track for 40 million by June 2025.

• Launched a Progressive Web App targeting users outside Africa and expanded music catalog to 772,000 tracks.

Financial highlights

• Total revenue increased 3% year-over-year to DKK 5.85 million.

• Premium subscription revenue rose to DKK 4.5 million, while advertising revenue fell to DKK 1.4 million.

• EBITDA improved to DKK -2.11 million from DKK -3.35 million year-over-year.

• Net loss improved to DKK -2.99 million from DKK -4.85 million year-over-year.

• Cash and cash equivalents at DKK 7.57 million, down from DKK 13.41 million year-over-year, impacted by delayed receivables.

Outlook and guidance

• Revenue guidance for FY 2024/25 is DKK 12-15 million, up to 26% growth year-over-year.

• EBITDA expected at DKK -4 to -5 million, an improvement of up to DKK 2.4 million from last year.

• Targeting 40 million MAUs by June 2025.

• On track to secure 2-3 new telco partners within the financial year.