{"id":11358,"date":"2022-08-30T05:30:00","date_gmt":"2022-08-30T05:30:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3858083_AE58083_0"},"modified":"2022-08-30T05:30:00","modified_gmt":"2022-08-30T05:30:00","slug":"mobvista-announces-2022-interim-financial-report","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=11358","title":{"rendered":"Mobvista Announces 2022 Interim Financial Report"},"content":{"rendered":"

Revenue exceeds $456 million<\/span>, up 48% year-on-year, and an adjusted EBITDA up by 162% year-on-year.<\/em><\/p>\n

GUANGZHOU, China<\/span><\/span>, Aug. 30, 2022<\/span><\/span> \/PRNewswire\/ — Mobvista, a leading technology platform providing a unified stack of SaaS products and services, today announced its 2022 interim financial results, including revenue of $456 million<\/span> in H1 2022, a 48% year-on-year increase, and an adjusted EDITBA of $5.824 million<\/span>, up 162% year-on-year. Additionally, Mobvista’s net revenue after deducting costs allocated to publishers achieved $111 million<\/span>, a year-on-year increase of 99.5%.<\/p>\n

\n

\"Mobvista<\/a>
Mobvista Announces 2022 Interim Financial Report<\/span><\/p>\n<\/p><\/div>\n

The steady growth in performance was attributable to the stable performance of Mintegral, Mobvista’s programmatic advertising platform. During the reporting period, Mintegral achieved revenue of $410 million<\/span>, a year-on-year increase of 82.8%. As of Q2 2022, the number of new partnered advertisers increased 29.3% from the previous quarter, with an advertiser retention rate of 87.7%. In addition, the number of new partnered publishers increased by 19% from the previous quarter, with a 92.2% publisher retention rate.<\/p>\n

At the same time, Mintegral has diversified its customer vertical base beyond gaming to include a higher share of eCommerce, social and content, lifestyle, and utility apps, among others. Through this approach, Mintegral’s revenue growth rate under utility apps skyrocketed by 862.2% in the first half of 2022.<\/p>\n

The customer value of Mintegral’s retained customers has also increased significantly. For the twelve months leading up to June 30th, 2022<\/span>, the company’s dollar-based net expansion rate was 197.5%, reflecting the significant increase in the value of existing customers.<\/p>\n

Mobvista has also carried out strategic restructuring by shrinking non-core businesses to optimize business operations. These measures have helped Mobvista record a gross profit of $89.98 million<\/span>, a year-on-year increase of 112%.<\/p>\n

About Mobvista<\/strong><\/p>\n

Mobvista is a leading technology platform dedicated to driving global business growth in the digital age. Mobvista’s goal is to build a SaaS tooling ecosystem that includes products and solutions for mobile marketing, data analytics, creative automation, monetization, and elastic cloud cost optimization. Mobvista aims to be the catalyst that connects China<\/span> and the rest of the world by helping customers build ambitious business models and drive business growth.<\/p>\n

Mobvista was founded in Guangzhou, China<\/span>, in 2013 and has been listed on the Main Board of the Stock Exchange of Hong Kong<\/span> (01860.HK) since December 2018<\/span>. Mobvista has close to 1000 employees with offices in 17 cities worldwide.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Revenue exceeds $456 million, up 48% year-on-year, and an adjusted EBITDA up by 162% year-on-year. GUANGZHOU, China, Aug. 30, 2022 \/PRNewswire\/ — Mobvista, a leading technology platform providing a unified stack of SaaS products and services, today announced its 2022 interim financial results, including revenue of $456 million in H1 2022, a 48% year-on-year increase, and […]<\/p>\n","protected":false},"author":8,"featured_media":11359,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-11358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"\nMobvista Announces 2022 Interim Financial Report - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=11358\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mobvista Announces 2022 Interim Financial Report - My Blog\" \/>\n<meta property=\"og:description\" content=\"Revenue exceeds $456 million, up 48% year-on-year, and an adjusted EBITDA up by 162% year-on-year. 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