Hi, I'm Anders. I'm the CEO of M.O.B.A. Network, and this is the presentation of our Q3 results. M.O.B.A. Network is a company that reaches more than two hundred and twenty million gamers every month. That's nearly a quarter of a billion gamers every month. Our vision is to globally unite and elevate gamers and creators, and we're building the world's largest gaming community network, in which gamers and creators can learn, create, and connect. Our diversified network of products is based on twenty-five global niched web brands. The majority of these are found within communities and data. We also have forums and original content sites. Jointly, these websites generate more than a hundred and fifty million page views. Our in-game apps is represented by our flagship app, Porofessor. It's a world leader in the world of League of Legends.
Just this week, we launched its little brother, Valofessor, that's based on the game Valorant, which has really high potential. Our in-game apps jointly attract 1.5 million active users and 13.5 million app installs. Our video creator network, Union For Gamers, is mainly based on YouTube and generates north of 1 billion views each month. Our target audience across the network is really attractive for advertisers as Gen Z and Millennials keep getting harder to reach through traditional media. Our geos are also heavy in the U.S. and Europe, that typically monetize really well with ads. Our Q3 marks a record-breaking quarter. It's the best third quarter in our history. Revenue is up from SEK 72 million to SEK 80 million, up 12%.
EBITDA is up SEK 11 million to SEK 15 million, up 35%. EBIT is up from SEK 2 million to SEK 10 million, 400%, and cash flow from operating activities before changes in working capital are up from SEK 2 million to SEK 8 million, an improvement with 367%. Looking at our first three quarters of this year, we're up from 191 to 228 million in revenue, up 19%. EBITDA is up 165%, up from 16 million to 41 million. EBIT levels up 626%, up from SEK 3 million to SEK 24 million, and our cash flow from operating activities before changes in working capital is up from SEK 4 million to SEK 20 million, 362%.
Looking at our LTM numbers, quarter by quarter, we're up from SEK 271 million to SEK 310 million on the revenue side, up 14%, and EBITDA up from 23 to 59, 154%. All of our asset categories in our network continued to grow in Q3. I think that's one of the keys to our performance. Our niche web brands, in-game apps, and also our UFG, our YouTube creator network, they all grew. We also managed to reduce debt with bond buybacks. We also purchased these bonds below nominal value. We purchased for EUR 1 million in Q3 and an additional EUR 1.1 million in Q4, which brings ownership to 20% or EUR 5 million of the bond's outstanding nominal value. Ads monetization continues to show strength. The underlying market is growing.
We're seeing increased demand, partially driven by the U.S. presidential election, which also will continue into Q4. We also see the natural and yearly national spending holidays that come back with Black Week. We have Cyber Monday. We have Christmas. Advertisers typically allocate a lot of their ad spend to Q4. Valofessor is live. We're really happy about this. It marks our entry into the first-person shooter market and it lets us tap into a new target group, which we haven't been accessing previously. Outlook for 2025, we will be focusing on further net debt reduction. We remain open to organic investments and acquisitions, but they have to have the perfect strategic fit and low balance sheet impact. We will be diversifying and launching new products organically during next year.
We have a couple of interesting game titles coming up that would be suitable for launching gaming communities based on. We're also looking at further expansion in the in-game app space. A key focus area for 2025 is subscriptions, and we think that can work really nicely in parallel to our ads monetization machine. To sum this up, M.O.B.A. Network is a global leader with massive reach. We're working on a growing market, and our products are well diversified, our network. Q3 marks a record-breaking quarter. It's the best Q3 that we have had in our history. Revenue up 12%, EBITDA up 35%, and we have a strong cash flow development as well. Also, we're growing, and we're also reducing debt levels.
All in all, we're happy with our Q3 performance, and the start of Q4 is looking really good, promising, and last but not least, don't forget to download our Valofessor app. Thank you very much.