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Bemobi Mobile Tech Reports Full Year 2023 Earnings

Bemobi Mobile Tech (BVMF:BMOB3) Full Year 2023 Results

Key Financial Results

  • Revenue: R$1.31b (down 11% from FY 2022).
  • Net income: R$86.9m (up 1.5% from FY 2022).
  • Profit margin: 6.6% (up from 5.8% in FY 2022). The increase in margin was driven by lower expenses.
BOVESPA:BMOB3 Earnings and Revenue Growth March 16th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bemobi Mobile Tech Earnings Insights

Looking ahead, revenue is expected to decline by 41% p.a. on average during the next 2 years, while revenues in the Global Entertainment industry are expected to grow by 8.6%.

Performance of the market in Brazil.

The company’s shares are down 3.9% from a week ago.

Risk Analysis

Don’t forget that there may still be risks. For instance, we’ve identified 1 warning sign for Bemobi Mobile Tech that you should be aware of.

Valuation is complex, but we’re helping make it simple.

Find out whether Bemobi Mobile Tech is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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