Journal of Other Forum Analysis (Volume II, Issue 2)

[HaughtyFrank]

https://www.resetera.com/threads/its-not-even-halloween-but-heidi-klum-shows-off-another-amazing-creation-at-the-met-gala.1510342/#post-154572232

 User Banned (2 Weeks): Body Shaming

Why does she always have her boobs out

Literally not body shaming

[killamajig]

https://www.resetera.com/threads/thank-god-for-futa-in-this-current-job-market.1504741/page-4#post-154341238

 User Banned (Permanently): Transphobic joke, history of boys club

U R
MS
DONG

FantasticMrFoxdie
Messages
20,692

Damn, got a big fish.

[Let's Cyber]

who is your favorite beast war

toys are included in the choices

The original fedora tipping, Nice Guy™ himself, Silverbolt. He just wanted a baddie goth girlfriend just like me frfr  

[Hap Shaughnessy]

https://wearemoba.com/investor-information/single-press-release-eng/?slug=summary-of-interim-report-one

Spoiler: SUMMARY OF INTERIM REPORT ONE (click to show)(click to hide)

29 apr. 2026 08:00:00
Regulatory
Interim Report

HIGHLIGHTS 1 JAN 2026 - 31 MARCH 2026

    Revenue amounted to SEK 40 million (64), a decrease of -37%.
    EBITDA amounted to SEK 7,8 million (7,5), an increase of 4%.
    EBIT amounted to SEK 2,3 million (1,5), an increase of 54%.
    Adjusted revenue* (excluding video sales) amounted to SEK 13,4 (16,6) million, a decrease of 20%.
    Adjusted EBITDA** amounted to SEK 5,2 million (7,5), a decrease of 31%.
    Adjusted EBIT*** amounted to SEK -0,3 million (1,5), a decrease of 118%.
    Profit before tax amounted to SEK -1,3 million (-9).
    Total cash flow from the period amounted to 79 (-13) MSEK.
    Earnings per share during the quarter amounted to SEK 0,0 (-0,4).

*Adjusted revenue excludes the business segment Video Sales and therefore excludes the now divested Magic Find Inc. and the Youtube creator network, Union for Gamers.

**Adjusted EBITDA excludes the gain on disposal of Magic Find Inc. (SEK 6,4 million) and adds back transaction costs related to the divestment (SEK 3.8 million). No adjustments were made to the comparative period.
***Adjusted EBIT excludes the gain on disposal of Magic Find Inc. (SEK 6,4 million) and adds back transaction costs related to the divestment (SEK 3.8 million). No adjustments were made to the comparative period.

COMMENTS BY THE CEO

STRONGER, SIMPLER AND READY TO BUILD
2025 was a difficult year for M.O.B.A. Network. What matters now is what has changed - and a great deal has changed. Q1 2026 is the first quarter where the results of our actions are becoming clearly visible. We are not yet where we want to be, but the direction is right and the underlying progress is genuine.

REVENUE AND EBITDA DEVELOPMENT
Revenue for the quarter amounted to 40 MSEK (64) and adjusted EBITDA to 5,2 MSEK (7,5), both representing a decrease compared to the same period last year. The majority of our revenue is generated in USD while we report in SEK, and the exchange rate moved significantly against us during 2025 and into early 2026, amplifying what was a minor decline in underlying USD terms.

A TRANSFORMED BUSINESS: THE UFG DIVESTMENT
The single most consequential event of the quarter was the completion of the UFG divestment in March 2026. UFG was our YouTube network and the sole driver of our video sales segment - a high-revenue but low-margin business structurally different from the rest of our portfolio. The decision to divest was not easy, but it was the right one. Investors should note that this divestment fundamentally changes our financial profile - from Q2 2026, our reported revenue will be substantially lower than prior year comparatives, while the impact on EBITDA will be considerably more modest, reflecting the higher-margin nature of our continuing business.

The agreed transaction value was 95 MSEK, and given that the acquisition was structured on a cash-free basis, total proceeds at closing exceeded this amount. We also retain meaningful upside through the earn-out structure over the 18 months following closing.

The divestment was the cornerstone of our plan to meet the bond redemption requirement of EUR 10 million before 30 September 2026. On 28 April we completed an initial amortization of EUR 9 million, representing 45% of our total outstanding bond volume. This reduces our outstanding bond debt from EUR 20 million to EUR 11 million, with a remaining redemption requirement of EUR 1 million to be met before 30 September 2026.

To meet this remaining requirement, we are actively working on several solutions and are in constructive dialogue with relevant parties. We are confident that we will satisfy the full EUR 10 million redemption requirement within the stipulated timeline.

The financial constraints that shaped so many of our decisions through 2025 have been materially reduced.

Our annual interest costs are expected to decrease by approximately SEK 12 million following the amortization - more than the approximately SEK 7 million EBITDA contribution that UFG generated in 2025. In addition, under the updated bond terms, no cash interest payments are due until the end of November 2026, providing further short-term cash flow flexibility.

The strategic effect is equally important. Without the video sales segment, M.O.B.A. Network is a simpler and more focused company. Our apps and web platforms are now the entirety of what we do. This clarity makes us easier to understand, easier to manage, and better positioned to put capital where it creates the most value.

APPS AND WEB: TWO DIFFERENT STAGES OF DEVELOPMENT
Our apps and web platforms are each at different stages of development, with their own distinct dynamics.

Our app business - led by Porofessor - had a strong quarter and is the clearest evidence that our strategy is working. While overall advertising sales declined, app revenue grew 14% year-on-year in Q1, accelerating to 25% growth in March alone. This growth was driven by a significant improvement in revenue per user, reflecting the sustained product investment we have made and our improving ability to engage and monetise our audience.

The product development pipeline continues to move forward at pace. In mid-April we launched more comprehensive support for Teamfight Tactics, including TFT Comps, expanding our coverage of the game mode and creating new entry points to attract a broader user base. We are also closing in on the launch of a new player performance tracking feature, which will be available both as a free offering and as an enhancement to our existing premium subscription - an important step in our strategy to grow subscription revenues alongside advertising. The momentum in our app business gives us real confidence.

Our web business is navigating a more challenging environment, primarily driven by the rapid growth of AI bot traffic which inflates measured pageviews without generating advertising revenue. This is an industry-wide development, but one we are actively working to address. We see real potential in our web portfolio - it remains home to some of the world's most engaged gaming communities - and we are investing in bot traffic management, ad optimisation, SEO and direct sales. We are concentrating product development resources on the sites with the strongest revenue potential, expanding their features and game coverage, while also launching new websites to enter additional gaming ecosystems. These new sites serve as revenue-generating platforms in their own right and as potential entry points for future app products. We are encouraged by the progress we are making.

BUILDING FOR THE FUTURE
With our financial position substantially strengthened and the business simplified, we have the conditions we need to execute our strategy with full intensity.

We are building M.O.B.A. Network into a product company. This means concentrating our resources on a smaller number of strategically important products, investing deeply where we see the highest long-term potential, and using AI to develop and scale new opportunities at a fraction of the traditional cost. Porofessor is the flagship today, and the results this quarter reflect the investment we have made in it. Beyond that, we are building a pipeline of new products across additional gaming ecosystems - launching quickly, validating traction, and committing resources only to the ideas that demonstrate real potential.

AI is central to how we operate. It makes us faster in product development, more sophisticated in the features that we can build, and more productive as an organisation than our size would otherwise allow. For a small team serving millions of users every month, this is not a minor advantage - it defines what is possible for us.

We have also made changes to our team structure during the quarter. These changes will have a positive impact on our cash flow from May onwards, strengthening our operational flexibility as we continue to focus resources on our highest-priority products.

SUMMARY
M.O.B.A. Network is emerging from a genuinely tough period in better shape than the headline numbers suggest. Adjusted revenue and adjusted EBITDA are not yet at the levels we are targeting, and currency headwinds continue to weigh on our reported figures. I won't minimise either of those realities.

But the fundamental picture has changed. Our balance sheet has been reset. The business has been focused on what we do best. Our app products are growing and proving the value of our investment. And, for the first time in some time, we have the financial flexibility to concentrate entirely on building.

The team at M.O.B.A. Network is small, talented, and deeply committed. I am proud of what we have delivered through a very difficult period, and I am optimistic about what we will build from here.

Finally, I want to thank our shareholders, bondholders, board of directors, employees, and partners for their continued support. We would not be in the position we are today without it.

Anders Ribbing
CEO, April 29th, 2026

https://storage.mfn.se/1513d4fc-8a22-4610-adad-e5dbfa4e6bd3/q1-2026-interim-report-m-o-b-a.pdf

AI is central to how we operate. It makes us faster in product development, more sophisticated in the features that we can build, and more productive as an organisation than our size would otherwise allow. For a small team serving millions of users every month, this is not a minor advantage - it defines what is possible for us.

https://wearemoba.com/investor-information/single-press-release-eng/?slug=notice-of-annual-general-meeting-in-m-o-b-a-network-ab-1

Spoiler: Notice of Annual General Meeting in M.O.B.A. Network AB (click to show)(click to hide)

6 maj 2026 08:30:00
Regulatory

The shareholders of M.O.B.A. Network AB, reg. no. 559144-3964 (the “Company”), are hereby convened to the Annual General Meeting on Thursday 4 June 2026 at 14:00 (CEST) at the Company’s premises at Kontoret Nybroviken, Birger Jarlsgatan 2, 5th floor, Stockholm.

Right to participate and notification
Shareholders who wish to participate in the Annual General Meeting must:

    be registered in the share register maintained by Euroclear Sweden AB as of Wednesday 27 May 2026; and
    notify their intention to participate in the Annual General Meeting no later than Friday 29 May 2026.

Notification shall be made in writing to M.O.B.A. Network AB, c/o Kontoret Nybroviken, Birger Jarlsgatan 2, 114 34 Stockholm, Sweden, or by e-mail to info@wearemoba.com. The notification shall state the shareholder’s name or company name, personal identity number or corporate registration number, address, telephone number and, where applicable, information about proxies and assistants (no more than two).

Shareholders represented by proxy must issue a written, dated power of attorney. The power of attorney should be submitted to the Company well in advance of the meeting. If the power of attorney is issued by a legal entity, a certificate of registration or equivalent authorization document shall be enclosed.

Shareholders whose shares are registered in the name of a nominee must, in order to be entitled to participate in the meeting, request that the shares are temporarily registered in their own name in the share register (so-called voting rights registration). Such registration must be completed no later than 27 May 2026 and should therefore be requested from the nominee well in advance of this date.

Proposed agenda

    Opening of the meeting
    Election of Chairman of the meeting
    Preparation and approval of the voting register
    Election of one or two persons to verify the minutes
    Determination of whether the meeting has been duly convened
    Approval of the agenda
    Presentation of the annual report and the auditor’s report as well as the consolidated financial statements and the auditor’s report for the group
    Resolutions regarding:
    a) adoption of the income statement and the balance sheet as well as the consolidated income statement and the consolidated balance sheet
    b) allocation of the Company’s result in accordance with the adopted balance sheet
    c) discharge from liability for the members of the Board of Directors and the Chief Executive Officer
    Determination of the number of Board members and auditors
    Determination of fees to the Board of Directors and the auditor
    Election of Board members and auditor
    Closing of the meeting

Proposed resolutions

Item 2 – Election of Chairman of the meeting
The Board of Directors proposes that Jonas Bertilsson be elected Chairman of the Annual General Meeting.

Item 8 b) – Allocation of results
The Board of Directors proposes that no dividend be paid for the financial year 2025 and that the Company’s result be carried forward in accordance with the Board’s proposal in the administration report.

Items 9–11 – Board of Directors and auditor

Item 9 – Determination of the number of Board members and auditors
It is proposed that the Board of Directors shall consist of three (3) ordinary members without deputies for the period until the end of the next Annual General Meeting.

It is further proposed that the Company shall have one (1) auditor without a deputy auditor.

Item 10 – Determination of fees to the Board of Directors and the auditor
It is proposed that fees to the Board of Directors shall amount to a total of SEK 325,000, excluding remuneration for committee work, to be distributed as follows:

Chairman of the Board: SEK 195,000
Other members: SEK 65,000 per member

For work in the Audit Committee, it is proposed that remuneration shall be paid with SEK 45,000 to the Chairman of the committee and SEK 15,000 to other members.

Fees to the auditor are proposed to be paid in accordance with approved invoice.

Item 11 – Election of Board members and auditor
It is proposed that the following Board members be re-elected for the period until the end of the next Annual General Meeting:

Jonas Bertilsson
Mikael Gottschlich
Manfred Gottschlich

Jonas Bertilsson is proposed to be re-elected as Chairman of the Board.

It is noted that Andreas Fredmark has declined re-election.

It is proposed that the registered audit firm Grant Thornton Sweden AB be re-elected as the Company’s auditor for the period until the end of the Annual General Meeting 2027. Grant Thornton has informed that the authorized public accountant Carl Niring will remain as auditor in charge.

The proposal is in accordance with the recommendation of the Audit Committee.

Other information
The annual report and the auditor’s report as well as other documents pursuant to the Swedish Companies Act are available at the Company and on the Company’s website https://wearemoba.com. The documents will be sent free of charge to shareholders who request and provide their postal address.

Shareholders have the right to request information from the Board of Directors and the Chief Executive Officer in accordance with Chapter 7, Section 32 of the Swedish Companies Act.

Processing of personal data
For information on how personal data is processed in connection with the Annual General Meeting, please refer to the privacy policy available on Euroclear Sweden AB’s website:
https://www.euroclear.com/dam/ESw/Legal/Integritetspolicy-bolagsstammor-svenska.pdf

Stockholm, May 2026
M.O.B.A. Network AB
The Board of Directors

[Lonewulfeus]

God it would be amazing if someone on resetera asked how AI is being used in development or maintenance of resetera.com.  

[benji]

Our app business - led by Porofessor - had a strong quarter and is the clearest evidence that our strategy is working. While overall advertising sales declined, app revenue grew 14% year-on-year in Q1, accelerating to 25% growth in March alone.
...
Our web business is navigating a more challenging environment, primarily driven by the rapid growth of AI bot traffic which inflates measured pageviews without generating advertising revenue. ... We are concentrating product development resources on the sites with the strongest revenue potential, expanding their features and game coverage, while also launching new websites to enter additional gaming ecosystems. These new sites serve as revenue-generating platforms in their own right and as potential entry points for future app products.

We are building M.O.B.A. Network into a product company. This means concentrating our resources on a smaller number of strategically important products, investing deeply where we see the highest long-term potential, and using AI to develop and scale new opportunities at a fraction of the traditional cost. Porofessor is the flagship today, and the results this quarter reflect the investment we have made in it. Beyond that, we are building a pipeline of new products across additional gaming ecosystems - launching quickly, validating traction, and committing resources only to the ideas that demonstrate real potential.

AI is central to how we operate. It makes us faster in product development, more sophisticated in the features that we can build, and more productive as an organisation than our size would otherwise allow. For a small team serving millions of users every month, this is not a minor advantage - it defines what is possible for us.

[Jansen]

https://www.resetera.com/threads/double-fine-the-microsoft-owned-studio-behind-psychonauts-has-filed-a-petition-with-the-nlrb-to-unionize.1515166/


Double fine definitely sees the writing on the wall but this isn't going to save them

Keeper and kiln were massive flops

[benji]

Anders Ribbing: I think, I mean, as of now, ads are the vast majority of our revenue. But subscriptions, I think, have the potential to grow. And I think it's going to come from small numbers, but it will definitely grow. And then we can also broaden it from one product to more products. And I think we have a team that can make that happen. I also think that AI licenses will be a substantial part of our revenue going forward. And that's also more of a recurring nature.

Brian Lantier: Who do you sell those licenses to? Who do you target? Is it the big LLMs or?

Anders Ribbing: It's a combination, the big LLMs are, I guess, the largest amount obviously, and there are about like six to eight of them that are huge scale, as you know. But then there are more of more like specialized in nature that we can train. So, then it's more like, as of now, maybe like a hundred possible LLMs that could be buyers. You know who knows? 24 months, it could be like a hundred thousand, maybe. We'll have to see.

Anders Ribbing: I think that's, I mean, I can understand that concern. I don't think it's going to replace all creators in a sense, but it'll definitely be a mix of the content that's out there and that we're already seeing. For us, I like to see AI as there's like substantial upside and the opportunities are much, much greater than an impossible negative impact for us. That there are definitely threats for websites where you have AI summaries or AI reviews, for example, where somebody gets enough information and then they never click to our website, means we don't generate any revenue from but they're using our content in a sense.

But then, the way I see it, also, is both on kind of as a pure revenue opportunity on the AI license side, it’s license side based on our data. That's one clear opportunity, but then it's more about building features like enriching our products based on the data that we have. We have an import for a successor, for example, then the next phase and the big kind of next step is to build more like an AI-personalized coaching feature that's based on huge amounts of volume and data, and we think that that would be really appealing and useful for that.

[benji]

By small team, at least based on LinkedIn, they mean they have a total of one (1) product/app developer on staff.

[TylenolJones]

   

[Taco Bell Tower]

https://www.resetera.com/threads/nishino-ai-push-at-sie-1st-party-studios-for-qa-software-engineering-and-3d-modeling-and-animation-nd-and-san-diego-studio-use-ai-facial-animation.1514218/

Sony going all in on AI, this should be fun

Sony/naughty dog mentioned so people will not care

Only 5 pages so Ree doesn't care.

[Hap Shaughnessy]

https://www.resetera.com/threads/billie-eilish-eating-meat-is-inherently-wrong-you-can-eat-meat-go-for-it-you-can-love-animals-but-you-cant-do-both.1510063/page-12#post-154570705

 User Banned (Permanent): Troll account

This thread be like "You can love humans and still support genocide in Gaza"

[Boredfrom]

https://www.resetera.com/threads/double-fine-the-microsoft-owned-studio-behind-psychonauts-has-filed-a-petition-with-the-nlrb-to-unionize.1515166/


Double fine definitely sees the writing on the wall but this isn't going to save them

Keeper and kiln were massive flops

It sucks that we live in an industry state where my first thought was "MS is going to find a bullshit excuse to fire all of them soon after they Unionize".

“They took 4 years after Pyschonauts 2 to release Keeper and Kiln, two bombas.”

Is that not a good excuse?

[Hap Shaughnessy]

https://www.resetera.com/threads/say-hello-to-my-little-friend-new-kitty.1515223/

(not sure if boy or girl).

Just look? Vertical line means a girl. Dot means a boy.

[Hap Shaughnessy]

https://www.resetera.com/threads/say-hello-to-my-little-friend-new-kitty.1515223/

(not sure if boy or girl).

Just look? Vertical line means a girl. Dot means a boy.

              Transphobic rhetoric

[Hap Shaughnessy]

https://www.resetera.com/threads/welcome-new-members-introduce-yourself-here.119184/page-49#post-154718281

Hey everyone, I'm Louis Dubois. Longtime MMORPG fan here, been playing everything from EverQuest and WoW to GW2 and EVE over the years. I'm also part of a tiny team building an indie MMO, which has been a wild ride so far. Big thanks to the mod who approved my account, really appreciate it. Excited to finally jump in and talk games, mechanics, and all the stuff that makes this genre tick.

https://store.steampowered.com/curator/45639501

https://store.steampowered.com/app/3634870/Caverns_And_Dryads/

[Hap Shaughnessy]

Member only:
https://www.resetera.com/threads/living-alone-sucks.1508590/

I only realized that a few weeks ago because I don't know why every pain I feel in my body I think I am gonna die.

And only because of a shitty video were someone died because he meal prepped but left his food outside the fridge. After sometime flesh eating bacteria were on the food, he ate it went to sleep and died. I am not even sure if the video is true.

I saw the video several years ago but only a few weeks ago I think several times when I have stomach paint that I got thos flesh eating bacterias I know it makes no sense, but its just in my head.

And only because a few weeks ago my feet went numb, than my arms and even my mouth I could hear my heartbeat getting faster. I thought I were going to die, but after 15 minutes it stopped. But after that it happened again after a few hours.

After 3 days I went to the doctor to get my blood tested and a ECG, nothing unusual was found.

But still nearly evertime I feel pain in my stomach or breast I think something inside is killing me and get a half panic attack. I know it's nothing but I can't cancel those thoughts I hate it and I hate myself for it.

As if my depression and panic attacks before this shit weren't enough. I am also currently taking mirtazapine since the start of the year.

Would be nice to live with somebody so that someone could tell me everything is fine and calm me down.

Although living alone also has great benefits, but sometimes it feels so fucking hard. But writing this already calmed me a little down and now I am crying because of my great stupidity.


I also think I am broken because I cry several times a week. Sometime because of the fucking war were innocent people die because of some shit heads but sometimes I am reminding myself that I have great friends and family which have my back and so I cry of happiness.

But sometimes I feel miserable because I feel miserable and I think I am in no position to complain about my life because a lot of people has it much harder.

Edit:
https://www.resetera.com/threads/living-alone-sucks.1508590/page-2#post-154501300

Yeah it sucks. After you die how long does it take for people to find out?

Die at the beginning of the month and 6 weeks later the landlord finds your decomposing body because you're late on rent.

That shit will keep you up at night

[Jansen]

Yeah I'm not going to laugh at that one. Can't imagine how shitty of a feeling that would be.

[Hap Shaughnessy]

https://www.resetera.com/threads/variety-dave-chappelle-says-media-gets-his-trans-jokes-%E2%80%98wrong%E2%80%99-%E2%80%98people-would-think-it%E2%80%99s-me-vs-the-gay-community-i-never-looked-at-it-like-that.1513945/page-2#post-154719790

It's always funny whenever one of these morons thinks they're making a well reasoned, intelligent point, but the're only used to bouncing their idiocy back and forth between their equally smooth brained piers and none of them realise how stupid and unconvincing they come across to normal people.

                  Ableist rhetoric
                      

[Jansen]

I'm sure Dave Chappelle is crying into his mountains of Netflix cash

[Taco Bell Tower]

https://www.dexerto.com/gaming/popular-gacha-game-faces-backlash-after-disappearing-for-2-months-and-censoring-characters-3362673/
A burka thread win.

[Hap Shaughnessy]

https://www.reddit.com/r/SnowbreakOfficial/

[filler]

Everyone at Nintendo is a scab for not quitting out of solidarity with Alison Rapp.

I forgot all about that slut 

[benji]

https://www.resetera.com/threads/variety-dave-chappelle-says-media-gets-his-trans-jokes-%E2%80%98wrong%E2%80%99-%E2%80%98people-would-think-it%E2%80%99s-me-vs-the-gay-community-i-never-looked-at-it-like-that.1513945/page-2#post-154719790

It's always funny whenever one of these morons thinks they're making a well reasoned, intelligent point, but the're only used to bouncing their idiocy back and forth between their equally smooth brained piers and none of them realise how stupid and unconvincing they come across to normal people.

[benji]

I forgot all about that slut 

And scabs like Miyamoto and Aonuma refused to lift a finger in her defense.

[filler]

they had her like a chinese fingertrap 

   

[Uncle]

https://www.resetera.com/threads/so-can-anyone-explain-just-how-awful-gary-gygax-was.1515106/#post-154757797

   

In case anyone needs a cleanse after that

immediately posts a completely fictional clip where a girl is good at video games when in actuality rashida jones was not a gamer at all and had to be taught how to even pretend to win at call of duty

https://en.wikipedia.org/wiki/The_Coup_(The_Office)

In preparation for some episode scenes, Rashida Jones "took some serious Call of Duty" lessons from the writers, as they all played the online game.

[filler]

rashida can get the cock of duty

[Gameboy Nostalgia]

HasanEra got so brow beaten by the libs that they can't even come out to condemn people voting for a billionaire.

Sigh.... so tiring.

Fat4All is right. Era is just terrible.

Cum.

[benji]

immediately posts a completely fictional clip where a girl is good at video games when in actuality rashida jones was not a gamer at all and had to be taught how to even pretend to win at call of duty

https://en.wikipedia.org/wiki/The_Coup_(The_Office)

In preparation for some episode scenes, Rashida Jones "took some serious Call of Duty" lessons from the writers, as they all played the online game.

In case anyone needs a cleanse after that