Mobvista (1860.HK) Q1 profit surges 177.9% YoY

Mobvista Inc. (HKEX: 1860) reported a net profit of US$19.9 million for the three months ended March 31, 2025, marking a 177.9% year-over-year increase. Revenue rose by 45.8% to US$439.6 million. The company's programmatic advertising platform, Mintegral, was a key driver, contributing US$420.8 million, representing a 48.4% YoY increase and accounting for 96.7% of the total ad-tech revenue. Revenue from gaming category on Mintegral increased 50.7% YoY to US$305.7 million, while non-gaming also saw growth of 42.5% YoY to US$115.1 million. Adjusted EBITDA increased by 35.9% YoY to US$41.7 million. The company highlighted its advancements in AI-powered smart bidding systems as a significant factor in its performance.