MOBVISTA (01860) surged over 10%, rising 10.12% to HK$16 per share as of press time, with trading volume reaching HK$406 million.

MOBVISTA's interim results for 2025 showed continued strengthening of the group's profitability, with its core programmatic advertising platform Mintegral delivering outstanding performance. The group achieved revenue of US$938 million, representing a substantial 47% year-on-year increase, while adjusted EBITDA reached US$88.681 million, up 41% year-on-year.

During the reporting period, Mintegral generated revenue of US$897 million, a 48.6% year-on-year increase. The gaming vertical performed exceptionally well, contributing US$662 million in revenue with a significant 51.7% year-on-year growth. Non-gaming verticals generated US$236 million in revenue, accounting for 26% of Mintegral's total revenue.

Research analysis indicates that the company's significant business growth is primarily attributed to the continuous iteration of its AI-driven smart bidding system, strengthening the company's flywheel effect and further demonstrating scale advantages. Based on the company's smart bidding system expansion and non-gaming vertical development, analysts have raised their profit forecasts for 2025-2026 and added projections for 2027. They remain optimistic about Mintegral's continued contribution to revenue growth and maintain a "Buy" rating.