MOBVISTA (01860) saw its shares rise by 6.50% in morning trading, reaching HK$15.23 with a turnover of HK$194 million.
In Q3 this year, MOBVISTA reported revenue of $532 million, up 27.6% year-over-year, and gross profit of $111 million, a 26.4% increase. Adjusted EBITDA reached $47.05 million, surging 37.3% compared to the same period in 2024. Its core segment, Mintegral, generated $508 million in revenue, up 26.2% YoY.
Kaiyuan Securities noted that the company's economies of scale are gradually materializing, significantly improving profitability. The firm remains optimistic about AI-driven quarterly performance growth and maintains a "Buy" rating.
The report also highlighted MOBVISTA's deepening AI integration across advertising services. Its Playturbo platform introduced AI-powered voiceovers, translations, and rapid image generation in March, followed by "digital human videos" and "image-to-video" features in August. For ad placements, the Hybrid ROAS bidding strategy launched in April helps target high-value users, while the IAPROAS optimization strategy, rolled out in July, enhances efficiency for overseas IAP apps. The brokerage expects AI to further strengthen the company's ad business competitiveness and drive sustained growth.
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