M.O.B.A. Network AB (MOBA) AI Stock Analysis

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M.O.B.A. Network AB

(Nasdaq OMX AB:MOBA)

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Rating:45Neutral

Price Target:SEK 0.66▼(-8.93% Downside)

Action:upgraded

Date:10/14/26

Financial performance challenges from declining revenues and losses are the primary downward driver, with mixed technicals providing limited offset and weak valuation metrics further pressuring the score.

Positive Factors

Owned gaming media platformsOwned gaming communities and editorial platforms can provide direct access to a defined audience and support multiple advertising and sponsorship formats. This asset base may help MOBA retain audience relationships and develop recurring commercial opportunities across popular competitive games over time.

Negative Factors

Revenue contractionA substantial decline in trailing revenue indicates weaker commercial performance and reduces the scale from which MOBA can generate advertising and marketing income. If the contraction persists, it could constrain investment, reduce operating leverage, and make a return to sustainable profitability more difficult.

M.O.B.A. Network AB (MOBA) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 16.51M
Dividend Yield: ―
Average Volume (3M): 85.34K
Price to Earnings (P/E): -0.3
Beta (1Y): 1.27
Revenue Growth: -40.96%
EPS Growth: -813.82%
Country: Sweden
Employees: 2
Sector: General
Sector Strength: 55
Industry: Software - Application

M.O.B.A. Network AB Business Overview & Revenue Model

Company Description

M.O.B.A. Network AB owns and operates various gaming communities worldwide. It operates through two segments: Advertising revenue and Video revenue. The company provides gaming communities and in-game apps for gamers and creators. It is also involved...

How the Company Makes Money

MOBA primarily generates revenue from digital advertising and marketing services tied to its esports and gaming media properties. Key revenue streams typically include (1) programmatic advertising sold on its websites (display/video ads monetized via...

M.O.B.A. Network AB Financial Statement Overview

Summary

M.O.B.A. Network AB experiences sharp revenue decline and margin erosion leading to net losses, though recent positive cash flow and moderate leverage offer some support.

Income Statement

18Very Negative

Balance Sheet

38Negative

Cash Flow

52Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Sep 2021
Income Statement
Total Revenue	178.35M	251.22M	321.06M	273.15M	289.81M	203.95M
Gross Profit	14.01M	37.75M	95.40M	68.61M	65.06M	43.11M
EBITDA	-24.32M	-27.83M	153.44M	91.65M	32.13M	25.96M
Net Income	-54.60M	-61.50M	-958.00K	7.71M	21.90M	16.84M
Balance Sheet
Total Assets	438.27M	576.17M	705.80M	796.16M	398.10M	346.16M
Cash, Cash Equivalents and Short-Term Investments	8.71M	28.33M	34.91M	49.25M	48.28M	36.60M
Total Debt	135.22M	231.06M	240.64M	247.50M	16.25M	21.67M
Total Liabilities	204.84M	346.45M	379.44M	488.01M	89.29M	98.17M
Stockholders Equity	233.43M	229.72M	326.37M	308.15M	308.81M	247.99M
Cash Flow
Free Cash Flow	7.87M	-798.00K	40.30M	-14.59M	6.16M	24.93M
Operating Cash Flow	9.85M	8.47M	40.30M	-6.98M	22.99M	24.93M
Investing Cash Flow	73.92M	-9.27M	-33.78M	-233.54M	-16.84M	-137.24M
Financing Cash Flow	-91.71M	-1.38M	-23.92M	243.36M	583.00K	116.88M

M.O.B.A. Network AB Technical Analysis

Technical Analysis SentimentNegative

Last Price0.73

Price Trends

50DMA0.84Negative

100DMA1.01Negative

200DMA0.99Negative

Market Momentum

MACD-0.04Positive

RSI40.68Neutral

STOCH16.04Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:MOBA, the sentiment is Negative. The current price of 0.73 is below the 20-day moving average (MA) of 0.80, below the 50-day MA of 0.84, and below the 200-day MA of 0.99, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 40.68 is Neutral, neither overbought nor oversold. The STOCH value of 16.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:MOBA.

M.O.B.A. Network AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:MOBA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:UPSALE	82Outperform	SEK 449.58M	16.36	―	8.21%	11.34%	40.60%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:LOYAL	55Neutral	SEK 95.00M	35.07	―	―	41.33%	―
SE:BUSER	49Neutral	SEK 148.87M	-1.55	―	―	-19.34%	-1.24%
SE:CHECK	47Neutral	SEK 82.92M	-0.61	-132.88%	―	-16.77%	-461.42%
SE:MOBA	45Neutral	SEK 15.42M	-0.30	―	―	-40.96%	-813.82%
SE:ZAPLOX	38Underperform	SEK 36.02M	-33.58	-853.33%	―	-10.35%	―

* General Sector Average

Performance Comparison

SE:MOBA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:MOBA	M.O.B.A. Network AB	0.73	-1.21	-62.47%
SE:ZAPLOX	Zaplox AB	1.30	0.38	41.61%
SE:CHECK	Checkin.com Group AB	2.57	-2.75	-51.69%
SE:LOYAL	Loyal Solutions A/S	9.64	6.68	225.68%
SE:UPSALE	Upsales Technology AB	26.50	-3.46	-11.55%
SE:BUSER	Bambuser AB	18.40	2.32	14.43%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 14, 2026

M.O.B.A. Network AB AI Stock Analysis