OnMobile Global Share: Is it a good buy now?
Onmobile Global Company is an Indian multinational telecommunications company headquartered in Bangalore, India. It provides mobile entertainment products and solutions to telecom operators and media companies worldwide.
Read the detail analysis on OnMobile Global Share Price target.
The products of OnMobile Global include:
- Tones and Videos: The company offers a wide range of ringback tones, music videos, and short-form videos across a variety of genres.
- Games and Contests: Onmobile develops and publishes mobile games and contests for telecom operators and media companies.
- Digital Content Store: Onmobile’s digital content store is similar to Netflix and Shopify that offers a variety of digital content, including music, videos, games, and apps.
- Infotainment: Onmobile provides infotainment services such as news, sports, and music to consumers over mobile.
The company is a global leader in the ringback tones segment. The company has acquired some small companies in the recent past. The company will be seen gaining a strong foothold in the telecom sector and gaming segments in the future.
OnMobile Global Peer Analysis
OnMobile faces stiff competition from both global and local gaming companies. Global gaming companies such as Electronic Arts and Activision Blizzard have large budgets and can produce high-quality games. Local gaming companies such as Nazara Tech, and Deltatech are also becoming more competitive, as they can develop games that are tailored to the specific needs of their local markets.
Some of the competitors of the OnMobile gaming platform are as below:
- Nazara Technologies
- Deltatech
- Bending Spoons
- Animoca
- Gameloft
- Electronic Arts
These companies offer a variety of gaming products and services, including mobile games, console games, PC games, and cloud gaming. They compete with OnMobile on several factors, such as game quality, price, and marketing.
Promoters of OnMobile Global
François-Charles is the President and Chief Executive Officer of OnMobile Systems Inc. He is the largest shareholder of OnMobile. He has over 15 years of experience in corporate mergers, acquisitions, and financing.
OnMobile Global Business Strategy
OnMobile Global is planning to diversify its product portfolio in the gaming platform. The company has added challenges arena, ONMO — a mobile quiz game, a mobile cloud gaming platform, and D2C product Gamize — a customer engagement platform — in the year 2021.
The company is planning to exceed INR 600 crore in revenue in FY’24, with mobile gaming contributing about 25% of it. The company has extended contracts with key telecom players such as Telefonica, and America Movil partnerships. The company also expanding its reach into Africa and LATAM.
The company is planning to reach out 200 mobile operators globally to reach 150 million active users, and onboard 500 digital brands by 2025.
In addition to the above, OnMobile is also investing in new technologies, such as artificial intelligence and machine learning. That will improve its products and services and make it more competitive.
Bottom lines
The gaming industry is highly competitive, and OnMobile is a small player in the gaming arena. Despite the challenges, OnMobile Global is still a profitable company. The company is also well-positioned to capitalize on emerging trends in the mobile market, such as cloud gaming and mobile marketing.
OnMobile Global is a well-managed company. Looking at the future of online gaming industry, the OnMobile Share price future is bright. The company is also well-positioned to capitalize on emerging trends in the mobile market, such as cloud gaming and mobile marketing. Considering above analysis, OnMobile share price seems a good investment for short and medium term.
However, to keep competitive in this industry, the company needs to focus on innovation and improve its products and services.
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