Mobvista, Inc. (HK:1860) has released an update.
Mobvista Inc. has reported a robust financial performance for the first half of 2024, with a significant 26.1% increase in revenue and a 21.4% rise in adjusted EBITDA, despite a 13.9% dip in profits for the period. The company, a provider of comprehensive advertising and analytics tools for the mobile internet ecosystem, is benefiting from a rebounding global advertising market, particularly in Europe and the United States where economic resilience and strong performances from major media platforms are noted. These developments come amidst the backdrop of tighter privacy and antitrust regulations that are reshaping industry norms.
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