Mobvista, Inc. (HK:1860) has released an update.
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Mobvista Inc. reported strong financial results for Q3 2024, with a notable 171.2% year-on-year increase in net profit to $8.8 million, driven by substantial growth in its programmatic advertising platform, Mintegral. The platform recorded a 57.6% year-on-year revenue increase, reflecting a robust performance in both gaming and non-gaming verticals, particularly in e-commerce. Despite challenges in non-programmatic segments, the company’s strategic investments and market expansion efforts have reinforced its positive growth momentum.
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