Mobvista Inc. has reported strong financial results for the year ending December 31, 2024. The company's total revenue reached USD 1.51 billion, marking a 43.0% increase year-over-year (YoY). This growth was primarily driven by the company's investment in AI and machine learning, with their programmatic advertising platform, Mintegral, generating USD 1.44 billion in revenue-a 47.2% increase YoY. The gaming sector alone saw a revenue rise of 37.0% YoY to USD 1.04 billion, while the non-gaming segment surged by 82.0% YoY to USD 403.3 million. Gross profit was reported at USD 316.3 million, representing a 45.6% increase YoY. Adjusted EBITDA also saw a significant rise, reaching USD 138.3 million, up 31.3% YoY. Mobvista's achievements have garnered it a spot on the Fortune 500 Southeast Asia list, ranking at #208. The company continues to focus on AI-powered technologies and global adoption of its solutions, positioning itself as a growth hub for developers worldwide.
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