MOBVISTA (01860) climbed over 5% again, hitting an intraday high of HK$17.37 to reach a new record. As of press time, the stock gained 5.04% to HK$16.66 with trading volume of HK$596 million.

The rally comes after MOBVISTA reported impressive first-half results, achieving revenue of $938 million, a substantial 47% year-over-year increase. Adjusted EBITDA reached $88.681 million, up 41% compared to the same period last year.

During the reporting period, Mintegral generated revenue of $897 million, representing a 48.6% year-over-year growth. The gaming category delivered outstanding performance with revenue of $662 million, surging 51.7% year-over-year, while non-gaming verticals contributed $236 million, accounting for 26% of Mintegral's total revenue.

Research analysis indicates that the company's significant revenue growth and substantial improvement in net profit margin in the first half were primarily driven by the continuous iteration of its AI-powered smart bidding system. The company's flywheel effect has strengthened, with scale advantages becoming increasingly apparent.

Based on the expansion of the company's smart bidding system and growth in non-gaming verticals, analysts have raised their profit forecasts for 2025-2026 and added projections for 2027. They remain optimistic about Mintegral's ability to continue contributing incremental revenue growth.