Business
Mobvista (1860.HK) Releases 2024 Annual Results
SINGAPORE, March 31, 2025--Mobvista 2024 Business Results Announcement
About this update from Mobvista Incorporation
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":300,"url":"https://media.zenfs.com/en/business-wire.com/6f418139e501b0569b6ada82df069faf"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/fEZVI7j.lFhLpYdZoeffpg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYwMDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/6f418139e501b0569b6ada82df069faf","width":480,"height":300}},"lazy":false},{"type":"text","content":"SINGAPORE, March 31, 2025--(BUSINESS WIRE)--Mobvista (1860.HK) officially released its financial results for the year ending December 31, 2024, showing a YoY revenue increase of 43.0% to $1.51 billion, a net revenue rise of 40.4% to $398.9 million, and a gross profit growth of 45.6% to $316.3 million.","length":302,"tagName":"p"},{"type":"text","content":"Mobvista's programmatic interactive advertising platform, Mintegral, performed strongly, generating 95.7% of the company's total revenue at $1.44 billion, up 47.2% YoY.","length":176,"tagName":"p"},{"type":"text","content":"Since its 2021 launch, Mintegral's machine learning and AI-based smart bidding system has significantly boosted developers' advertising efficiency to become a key revenue driver. In 2024, the system contributed over 70% of Mintegral's revenue.","length":255,"tagName":"p"},{"type":"text","content":"Smart bidding is now the preferred method for advertisers on Mintegral, crucial for its breakthroughs in mid-core and hardcore games and in non-gaming verticals.","length":161,"tagName":"p"},{"type":"text","content":"The gaming category saw steady revenue growth of 37.0% to $1.04 billion, while revenue from non-gaming apps surged by 82.0% to $403.3 million, increasing its revenue share to 27.9%.","length":181,"tagName":"p"},{"type":"text","content":"Mintegral has helped over 10,000 top global developers and 100,000 apps to acquire users in leading markets, processing over 300 billion ad requests daily.","length":155,"tagName":"p"},{"type":"text","content":"For more information, visit Mobvista's Investor Relations website.","length":70,"tagName":"p"},{"type":"text","content":"About Mobvista","length":14,"tagName":"p"},{"type":"text","content":"Mobvista is a leading mobile technology company providing a complete suite of advertising and analytics ...