Bemobi Mobile Tech Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Bemobi Mobile Tech (BVMF:BMOB3) Third Quarter 2024 Results

Key Financial Results

• Revenue: R$381.3m (up 17% from 3Q 2023).
• Net income: R$20.1m (up 35% from 3Q 2023).
• Profit margin: 5.3% (up from 4.6% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: R$0.24 (up from R$0.17 in 3Q 2023).

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

Bemobi Mobile Tech Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 151%. Earnings per share (EPS) missed analyst estimates by 27%.

Looking ahead, revenue is expected to decline by 18% p.a. on average during the next 3 years, while revenues in the Global Entertainment industry are expected to grow by 9.4%.

Performance of the market in Brazil.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Bemobi Mobile Tech's balance sheet.

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