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

[Boredfrom]

https://www.resetera.com/threads/sensor-tower-state-of-gaming-2026-pc-gaming-sees-another-record-year-steam-saw-more-record-gains-pc-gamers-skew-younger.1446508/

Wait? Roblox didn’t kill gaming?

[Keetongu]

Jeff really loves talking down to women on the Nazi site.

They should be more like his Nazi mom:

19 likes, Jeff isn't going to delete that post.  

He deleted them, but as allies we should never forget that goofy Jeff mansplained to a trans woman about her genocide. Women aren't safe around lil poptart and any website that platforms him is complicit.

Wait a second... Jeff has a MAGA mom, who he still keeps in contact and discusses politics with? And he's telling us this on X, the app owned by Elon Musk and employed only by Nazis? And he's paying money to post more on the app and get his tweets seen by even more Nazis? And the things he's tweeting are attacks on Democrat supporting transgender people? 

This is peak yakubian trickonology.

[Boredfrom]

Lilpoptart is back!

He's really incredible:

Piece of shit hypocrite.

You are such a cunt Zeo.

[Hap Shaughnessy]

https://www.resetera.com/threads/kansas-sends-letters-to-trans-people-demanding-the-immediate-surrender-of-drivers-licenses.1446676/page-3#post-151861264

Which is why cis people really need to step it up now if they don't want there be a "next in line" period....because YOU will eventually be in line. Hell, you already are, just either at the front or somewhere down. (Not saying you literally ofcourse)

Don't ask me to do something about my country threatening the sovereignty others but you better do something about 1800 people having to get their licence renewed. 

[simiansmarts]

Jeff really loves talking down to women on the Nazi site.

They should be more like his Nazi mom:

19 likes, Jeff isn't going to delete that post.  

He deleted them, but as allies we should never forget that goofy Jeff mansplained to a trans woman about her genocide. Women aren't safe around lil poptart and any website that platforms him is complicit.

Wait a second... Jeff has a MAGA mom, who he still keeps in contact and discusses politics with? And he's telling us this on X, the app owned by Elon Musk and employed only by Nazis? And he's paying money to post more on the app and get his tweets seen by even more Nazis? And the things he's tweeting are attacks on Democrat supporting transgender people? 

This is peak yakubian trickonology.

Not to mention Jeff's bluesky account has significantly less activity compared to his Nazi site one. He can't get his rocks off on a social media site where he can't talk down to chuds when there are no chuds.

[benji]

https://www.resetera.com/threads/kansas-sends-letters-to-trans-people-demanding-the-immediate-surrender-of-drivers-licenses.1446676/page-3#post-151861264

Which is why cis people really need to step it up now if they don't want there be a "next in line" period....because YOU will eventually be in line. Hell, you already are, just either at the front or somewhere down. (Not saying you literally ofcourse)

We're already deep into the line, pal.  

[Boredfrom]

So Washpost is floating this story to help the White House gauge reaction so they can tell Miller it won't work

 


https://www.resetera.com/threads/february-26-2026-trump-seeking-executive-power-over-elections-is-urged-to-declare-emergency.1447369/page-2#post-151871167

[Hap Shaughnessy]

https://wearemoba.com/investor-information/single-press-release-eng/?slug=a-strengthened-financial-foundation-and-a-more-focused-m-o-b-a-network

A strengthened financial foundation and a more focused M.O.B.A. Network
26 feb. 2026 08:00:00
Regulatory
Interim Report

SUMMARY OF YEAR-END REPORT 2025


HIGHLIGHTS 1 OCT 2025 - 31 DEC 2025

    Revenue amounted to SEK 63 million (93), a decrease of 32%.
    EBITDA amounted to SEK 10 million (20), a decrease of 50%.
    Adjusted* EBIT amounted to SEK 4 million (15), a decrease of 127%.
    EBIT amounted to SEK -38 million (15), a decrease of 346%.
    Profit before tax amounted to SEK -46 million (4).
    Cash flow from operating activities before changes in working capital amounted to SEK 11 million (10).
    Earnings per share during the quarter amounted to SEK 0 (0.1).

HIGHLIGHTS 1 JAN 2025 - 31 DEC 2025

    Revenue amounted to SEK 251 million (321), a decrease of 22%.
    EBITDA amounted to SEK 37 million (62), a decrease of 40%.
    Adjusted* EBIT amounted to SEK 13 million (38), a decrease of 134%
    EBIT amounted to SEK -28 million (38), a decrease of 174%.
    Profit before tax amounted to SEK -62 million (1).
    Cash flow from operating activities before changes in working capital amounted to SEK 8 million (27).
    Earnings per share amounted to SEK 0 (0.0).

*Adjusted EBIT excludes write-downs totalling 41,7 million of which Critical Click Network amounted to 28,5 MSEK and Magic Find13,2 MSEK.

COMMENTS BY THE CEO

As we enter 2026, M.O.B.A. Network stands at an important inflection point. Following a challenging operating year, we have taken decisive steps to materially strengthen our financial position, reduce risk, and sharpen the company’s strategic focus on core platforms and consumer-facing apps.

A CHALLANGING QUARTER

The fourth quarter was disappointing, both in terms of revenue and EBITDA, and below our expectations. Revenue amounted to SEK 63 (93), a 32% year-on-year decrease, and EBITDA amounted to SEK 10 (20) MSEK.

The weaker performance was primarily driven by a continued weak advertising market, negative USD/SEK currency effects, and ongoing softness within certain of our important gaming ecosystems. While we have implemented operational adjustments during the year to adapt to these conditions, the financial outcome in the quarter was not satisfactory.

IMPAIRMENTS AND BALANCE SHEET ADJUSTMENTS

As part of our year-end review, we have recognized non-cash impairments of SEK 41,7 MSEK, primarily related to goodwill. These impairments negatively impact operating profit (EBIT) by SEK 41,7 in the quarter but don’t have any effect on cash flow.

On the balance sheet, the carrying value of intangible assets has been reduced accordingly. While these adjustments weigh on reported earnings, they align asset values with current market conditions and result in a more conservative and transparent balance sheet going forward.

COVENANT BREACH AND FINANCING DIALOGUE
Due to the weaker earnings development, the company did not meet its financial covenant under its senior secured bonds and working capital facility for the fourth quarter and events of default under such financing agreements have therefore occurred. The agents under the respective financing agreements have been informed.

The company is in ongoing dialogues with certain larger bondholders and the bank providing the working capital facility regarding a waiver and potential long-term financing solution which may include an amend-and-extend of the outstanding senior secured bonds originally maturing in May 2026.

As of the date of this report, no formal waiver in respect of the outstanding events of default has been obtained and no binding agreement on the potential long term financing solution has been reached. We are working constructively with all parties and will provide further information once such dialogues have concluded.

DIVESTMENT OF UNION FOR GAMERS – REDUCING LEVERAGE AND SHARPENING FOCUS
Against this backdrop, we have taken decisive action to strengthen the company’s financial position. We have announced the divestment of Union for Gamers through the sale of 100% of the shares in Magic Find Inc.

The transaction is structured as SEK 95 million in cash at closing, plus an earn-out where M.O.B.A. Network will receive 80% of EBITDA above the current LTM level and 80% of revenues derived from AI licensing over an 18-month period. At closing, Magic Find’s website portfolio will be transferred to a Swedish subsidiary and retained within the group, while the YouTube creator network is divested.

On a pro forma basis, M.O.B.A. is divesting approximately 19% of Group EBITDA (SEK 7 million) and 70% of Group revenue (SEK 177 million), based on Q4 LTM 2025 figures. This reflects the structurally lower margin profile of the Union for Gamers business compared with the high-margin nature of M.O.B.A.'s remaining core assets that jointly have EBITDA margins of approximately 40%.

Closing is expected to take place after publication of this report. The net proceeds are intended to be used to redeem as much of the outstanding bond as possible, and the company intends to initiate a written procedure with the bond agent following completion.

We believe this divestment significantly reduces leverage, strengthens the balance sheet, and sharpens our strategic focus on higher-margin, product-driven platforms.

PRODUCT MOMENTUM AND MARKET OUTLOOK
We enter 2026 from a position of increasing strategic strength. While 2025 was an off-cycle advertising year without major cyclical drivers, it marked a pivotal transition period for M.O.B.A. Network. We have accelerated our shift toward a more app-driven, subscription-oriented ecosystem and strengthened our direct relationships with users.

The launch of the standalone Porofessor app clearly illustrates this progress. The app has already reached approximately 60,000 daily active users and has become an important driver of engagement within our ecosystem. Since October 2025, we have generated more than 370,000 new user accounts across our native and standalone applications. This represents a meaningful step toward building a more direct relationship with our audience and a key enabler of long-term monetization.

Through logged-in users and first-party data, we can now engage more actively with our community, communicate product improvements, and educate users about the value of our premium offering. This creates a more clear pathway to grow our subscriber base over time. At the same time, it strengthens our advertising proposition by enabling identity-based solutions that support higher CPMs and more resilient monetization.

In addition, we launched three new websites, released the Overframe desktop app, and expanded coverage across additional game titles. We continued to increase our focus on in-game applications and subscription-based monetization models, supported by ongoing product development across our products.

While these initiatives are still early in their financial contribution, they are expected to become increasingly important during 2026 as we scale our app ecosystem, deepen user engagement, and convert a larger share of our audience into recurring revenue streams.

Looking ahead, 2026 includes several events that historically stimulate advertising demand in the U.S., including the U.S. midterm elections and FIFA World Cup. Given that the majority of our revenue is generated in the U.S. market, these cyclical factors are expected to provide a more supportive demand environment compared to 2025 and provide incremental monetization opportunities across our platform.

At the same time, while macroeconomic expectations are stabilizing, uncertainty remains. We therefore continue to prioritize financial discipline while ensuring we are well positioned to benefit from an improving advertising backdrop.

CLEAR PRIORITIES GOING FORWARD

The past year has been challenging. We have taken necessary and concrete actions to address the financial situation, reduce leverage, and improve the company’s long-term resilience. These measures, combined with our strategic repositioning, provide a stronger foundation as we move into 2026.

Our priorities are clear:

    Scale our app ecosystem, logged-in user base, and subscription revenues
    Capture advertising upside from cyclical and structural drivers
    Further strengthen our balance sheet
    Conclude the refinancing process and extend long-term financial stability

With a more focused portfolio of assets and constructive financing discussions, we are working toward establishing a more durable financial foundation for M.O.B.A. Network.


I would like to thank our shareholders, bondholders, board of directors, employees, and partners for their continued support during a demanding period. We remain fully focused on stabilizing the financial structure while executing on our strategy to drive sustainable growth and long-term value creation.

Anders Ribbing
CEO, February 26th, 2026

https://storage.mfn.se/46049334-36ef-45f3-bdfc-4301541e9513/q4-2025-year-end-report-m-o-b-a.pdf

[Jonsey]

Lilpoptart is back!

He's really incredible:

Piece of shit hypocrite.

You are such a cunt Zeo.

Might be the worst person on the internet

[Straight Edge]

life could always be worse. you could be the wife messy's parents bought for him. that poor woman is living the life that keeps romance novels selling. being forced into marriage with that creep must be a nightmare she can't wake up from 

The way he eats buffalo wings can you really blame her? 

Mmmmmmm

yeah, lick those fingers you sexy bitch!

How'd you find a picture of my therapist?

[Hap Shaughnessy]

https://www.resetera.com/threads/netflix-declines-to-raise-offer-for-warner-bros.1447813/

https://www.resetera.com/threads/cnbc-netflix-ditches-deal-for-warner-bros-discovery-after-paramount%E2%80%99s-offer-is-deemed-superior.1447816/

https://www.resetera.com/threads/warner-bros-discovery-board-determines-revised-proposal-from-paramount-skydance-is-the-company-superior-proposal-netflix-have-4-days-to-match-offer.1447762/page-3#post-151872313

[Greatness Gone]

https://www.resetera.com/threads/newsom-said-the-democratic-party-needs-to-be-more-culturally-normal.1444438/page-4#post-151749241

 User Banned (1 Month): Drive-by dismissal of concerns of transphobia, previous ban for dismissal drive-by

Vote for the dem nominee or watch more people be murdered. Those are your choices.

Don’t they all agree with this viewpoint though.

[Taco Bell Tower]

They're crying about Tom Henderson in constructive 

They're seriously not over that tweet? 

[Kazuma_Kiryu]

https://www.resetera.com/threads/netflix-declines-to-raise-offer-for-warner-bros.1447813/

 This is what I wanted to see. The meltdowns are happening.

Anyway, it's still possible that the WBD-PSKY merger could be blocked.

[Superstar]

Netflix was only in it at the end to drive up the price, which they did. Paramounts willingness to buy the TV companies that nflx wouldnt touch made their deal better long ago. Netflix couldn't be happier to get out of there I would think.

It's wild for them to be so concerned about Trump here. Para was always buying cnn regardless. Any studio projects even potentially related to him wouldnt get released until after hes out of office anyways. Ellison as with any major executive will kiss up to whoever is in office.

[simiansmarts]

Movie theaters live to fight another day. Why is RE so upset? They LOVED the Disney-Fox buyout because it got their precious X-Men in the MCU, now Sonic and the Ninja Turtles can meet the Justice League (again). 

[Boredfrom]

https://www.resetera.com/threads/netflix-declines-to-raise-offer-for-warner-bros.1447813/

 This is what I wanted to see. The meltdowns are happening.  

[Boredfrom]

Movie theaters live to fight another day. Why is RE so upset? They LOVED the Disney-Fox buyout because it got their precious X-Men in the MCU, now Sonic and the Ninja Turtles can meet the Justice League (again). 

A new Sonic X DC crossover was announced some days ago. SEGA/IDW stuff is independent of Paramount.

[Taco Bell Tower]

Jeff really loves talking down to women on the Nazi site.

They should be more like his Nazi mom:

19 likes, Jeff isn't going to delete that post.  

He deleted them, but as allies we should never forget that goofy Jeff mansplained to a trans woman about her genocide. Women aren't safe around lil poptart and any website that platforms him is complicit.

Wait a second... Jeff has a MAGA mom, who he still keeps in contact and discusses politics with? And he's telling us this on X, the app owned by Elon Musk and employed only by Nazis? And he's paying money to post more on the app and get his tweets seen by even more Nazis? And the things he's tweeting are attacks on Democrat supporting transgender people? 

This is peak yakubian trickonology.

Factually incorrect, only clowns pay for it. Some clown paid for his a year or so ago, so he claims 

[benji]

https://www.resetera.com/threads/kansas-sends-letters-to-trans-people-demanding-the-immediate-surrender-of-drivers-licenses.1446676/page-3#post-151861264

Which is why cis people really need to step it up now if they don't want there be a "next in line" period....because YOU will eventually be in line. Hell, you already are, just either at the front or somewhere down. (Not saying you literally ofcourse)

It really says something that they think YOU'LL BE NEXT is this amazing thing that's supposed to wake people up and get them to fight against whatever. Real narcissist trying to imagine how other people who must also be narcissists think vibes. Like, what? Why would they be next? "Because they'll come for everyone!" Who will? "The fascists and bigots aka everyone in history ever by my standards!" Who would be next? "The gays! The blacks! The cis women!" Uh, they already went through state oppression BEFORE YOU and still during the whole period before you ever even knew of the concept of being trans plus currently in many places in the world, dude. It's so fucking dumb and they think it's this amazingly worldly argument nobody could resist. Also that bigots/fascists/nazis/whatever are hiding their feelings about all the people they hate and want to do shit to instead of constantly talking about it and basically only ever talking about that even when it's not really the topic.

And this from people who deny "hate speech" or allowing the President to ignore the law and do whatever he wants (oops they're against that again) or whatever else they're demanding the state (or anyone else) do to people could ever be used against them.

[Taco Bell Tower]

Oh, now TransEra want help from cis people again

[Boredfrom]

It's wild for them to be so concerned about Trump here.

 

Why we are still doing this song and dance?

Para was always buying cnn regardless. Any studio projects even potentially related to him wouldnt get released until after hes out of office anyways. Ellison as with any major executive will kiss up to whoever is in office.

And that makes it okay because…

[Hap Shaughnessy]

https://www.resetera.com/threads/netflix-declines-to-raise-offer-for-warner-bros.1447813/page-7#post-151874713

DCU had a good run.

[Hap Shaughnessy]

https://www.resetera.com/threads/feb-17-2026-warner-bros-rejects-paramounts-revised-offer-but-gives-studio-a-week-to-negotiate-better-deal.1438030/page-2#post-151458835

I could see much of the DCU talent walking away after fulfilling any existing contract if that happened.

Yeah Gunn probably is out ASAP.

https://www.resetera.com/threads/warner-bros-discovery-board-determines-revised-proposal-from-paramount-skydance-is-the-company-superior-proposal-netflix-have-4-days-to-match-offer.1447762/page-2#post-151869997

Paramount/Ellison have literally used the argument that Netflix is "woke" for why they should not have WB. I also think James Gunn almost certainly exits out ASAP.

https://www.resetera.com/threads/netflix-declines-to-raise-offer-for-warner-bros.1447813/page-7#post-151874743

Is Gunn leaving asap?

Edit:
https://www.resetera.com/search/38167489/?q=gunn&t=post&c[thread]=1447813&o=date

[Boredfrom]

Inb4 Smiling Friends was cancelled because the creators got wind about the fascist take over.

[Kazuma_Kiryu]

Every time someone on Era says, "There's no way that happens," I believe them, and every time they're wrong.

[simiansmarts]

 
 

[Boredfrom]

Do you work for Bari Weiss?

[benji]

Why is everyone there acting like ZASLAV hasn't been running Warner Bros and carrying out the fascist white supremacist agenda already?

[Boredfrom]

Why is everyone there acting like ZASLAV hasn't been running Warner Bros and carrying out the fascist white supremacist agenda already?