MOBILE PREMIER LEAGUE
JioStar Q2 profit drops 13.2% to Rs 1,147 crore as margins contract
JioStar's net profit declined 13.2% year-on-year to Rs 1,147 crore in Q2 FY27, despite a 10.1% rise in operating revenue to Rs 6,806 crore. Operating EBITDA fell 10.5%, with margins contracting 600 basis points. JioHotstar averaged 440 million monthly active users, supported by growth in viewership and subscriptions.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%, according to analysts
At this juncture, what companies say about their Q2 results, and their outlook for Q3 and Q4, matters a great deal – but only to a certain extent. A company can plan only for what is in its control. No management can predict what the US President will decide, or which way the trouble in the Gulf will turn next.
Akash Ambani takes centre stage as Jio IPO shines a spotlight on Reliance’s next generation
In a significant chapter for Jio Platforms, Akash Ambani is stepping into a leading role with the company preparing for an IPO. The event saw incredible momentum, with the IPO being fully subscribed in under two hours, illustrating strong investor demand. As managing director, Akash is directing Jio’s vision as a technological leader while cultivating relationships with prominent investors like Meta.
Gameberry Labs posts 20% rise in FY26 revenue to Rs 711 crore, profit up 17%
Gameberry Labs reported a 20% increase in revenue during FY26, reaching Rs 711 crore, alongside a 17% profit rise. The company's revenue from in-app purchases and advertising significantly contributed to the growth. Total expenses for the year rose by 23%, largely due to increased processing fees and employee costs. Most of Gameberry's revenue and users are derived from international markets, especially Saudi Arabia, the US, and Spain.
JioStar to deepen ChatGPT integration as AI reshapes sports viewing
JioStar launched a deep product integration with ChatGPT during the IPL that went beyond conventional search. Viewers could ask questions about players and matches in natural language while watching the game and receive contextual information without interrupting their viewing experience.
Reliance's JioStar bets India’s sports fans will do more than just watch the game
JioStar is betting that India’s next phase of sports viewing will combine live matches with AI, commerce, regional languages and interactive features. With Indian-language viewing accounting for 90% of watch time and integrations such as Swiggy driving transactions, the broadcaster is looking beyond eyeballs to turn its growing sports audience into a broader digital commerce opportunity.
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Quick delivery platforms hike festive ad rates 35% as sales seen doubling
The increase comes at a time when advertisers increasingly use quick-commerce platforms to reach consumers closer to the point of purchase, particularly during periods of heightened shopping activity, they noted.
Dream11 completes pivot away from being a gaming platform
The move comes a year after the government’s ban on online money games forced Dream11 and other real-money gaming (RMG) companies to discontinue their core offerings. Dream11 said it has discontinued all prizes on the platform and will focus on sports content, live streaming, statistics, scores, commentary, community features, experiences and social contests.
English Premier League’s viewership is surging in India while its fans emerge as affluent, high-spending consumer class
Premier League fans in India demonstrate significant spending power and digital service subscriptions. The league's reach has expanded considerably across television and digital platforms. Viewership is growing beyond major cities, indicating wider appeal. Major international tournaments boost subsequent Premier League engagement significantly. This affluent and engaged audience offers brands substantial advertising opportunities.
Mobile Premier League net loss narrows to $37 million in FY23 as revenue grows, expenses fall
MPL's revenue from operations increased to $104.63 million in FY23, compared to $64.20 million in FY22, at a group level. Expenses also fell as it exited the merchandise business during the year under review.
Mobile Premier League lays off 350 employees; attributes cost cutting to increased GST burden
In an email sent to the company’s employees on August 8, MPL cofounder and chief executive Sai Srinivas wrote that the company has to reduce its people-related costs and lay off 350 employees.
Read Mobile Premier League founders' note to staff on layoffs
Real money gaming company Mobile Premier League (MPL) is laying off 350 of its staffers, citing increased costs due to an impending rise in goods and services tax (GST). Here's the full email sent by company founders Sai Srinivas and Shubh Malhotra
Mobile Premier League to lay off 100 workers, exit Indonesia
Founded in 2018 by Srinivas and Shubam Malhotra, MPL offers around 70 games across categories such as daily fantasy sports, quizzing, board games, esports, and casual games on its Android and iOS apps. It claims to have over 90 million users across India, Indonesia, Europe, and the United States.
Mobile Premier League earmarks Rs 2,000 crore for Great Indian Gaming League
Mobile Premier League expects to see 7 million players participate across different categories during the tournament that will run from March 24 to May 29, 2022.
States push to catalyse growth of e-sports and gaming ventures
According to a recent report by the Internet and Mobile Association of India (IAMAI) in collaboration with OnePlus and RedSeer, the Indian gaming market is poised to reach $6-7 billion in value by 2025 from $1.8 billion at present.
Mobile Premier League acquires German games studio GameDuell
The move is in line with MPL’s strategy to expand footprints across key global markets. It already has a presence in Indonesia and the US, and with the deal, it will now boast footprints across three continents. While the financial details weren’t disclosed, GameDuell employees will become a part of the MPL team.
Mobile Premier League becomes unicorn after lockdowns drive growth
The Bengaluru-based startup raised capital from investors led by Legatum Capital with participation from Accrete Capital and Gaingels. The startup would not disclose the funding but people familiar with the deal said it had raised $150 million.
Another gaming unicorn; GST for Swiggy and Zomato?
Mobile Premier League is the 26th Indian startup unicorn of 2021—and the second homegrown gaming startup to cross the $1 billion valuation mark.
Play Magnus Group, Mobile Premier League forge partnership for MPL Indian Chess Tour
“India is a fast-growing market for chess and the MPL Indian Chess Tour is a fantastic opportunity for young Indian players to shine on both this new national circuit and the global Meltwater Champions Chess Tour,” Andreas Thome, CEO of Play Magnus Group, said.
Mobile Premier League is all set to start its US innings
Mobile Premier League (MPL), a Sequoia India-backed online gaming startup seeks to stand out in the US market by becoming a ‘super app’—a unified gaming platform with multiple offerings.
Mobile Premier League acquires GamingMonk; launches Esports arena
GamingMonk hosts esports tournaments across multiple platforms including PC, console and mobile
Online gaming has potential to become bigger than entertainment industry: MPL CEO Sai Srinivas
In two-to-three years, online gaming will be much larger than the entertainment industry in India, Mobile Premier League (MPL) CEO Sai Srinivas says, with the country housing a third of all gamers globally.
Mobile Premier League raises $500,000 from employees
Under the employee investment plan, employees of the company could invest anywhere between $2,300 and $23,000 in the company
IPL franchises rake in over Rs 500cr from sponsorships: GroupM ESP
Prior to the tournament, Rajasthan Royals had lost Dubai Expo 2020 as its principal sponsor due to postponement of the event, while Kolkata Knight Riders and Delhi Capitals lost Byju’s and Daikin, respectively.
MPL raises $90 million in funding led by SIG, MDI, RTP
Since its founding in September 2018, MPL has added over 70 games on its platform, working with over 28 game developers and studios. Its user base has grown to over six crore users.
Fantasy gamers' e-spends may hit $1 billion
The fantasy gaming market saw 167% growth in the contest entry amount (CEA) to Rs 16,500 crore in FY20, according to a report by industry body FIFS with KPMG, on the back of World Cup and IPL last year.
IPL, Boston Marathon & more: A look at the top sporting events this September
Major leagues and events across the globe are announcing a comeback to the fields.
Kolkata Knight Riders ropes in Mobile Premier League as principal sponsor
Initially, edutech company Byju’s, of which Khan is brand ambassador, had signed the principle sponsorship deal with KKR for IPL 2020. However, after the league was rescheduled for September, and moved out of India, Byju’s has pulled out of the deal. MPL will also be the principal sponsor of Trinbago Knight Riders (TKR), the Caribbean Premier League (CPL) franchise, owned by Knight Riders.
Mobile Premier League renews sponsorship deal with Virat Kohli
“I am happy to announce that I have renewed my association with MPL,” said Kohli. “In just over a year, I have seen this young Indian startup grow and reach fans across India. I look forward to supporting them in achieving their goal of being the number one gaming company in India.”
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