Mobvista (1860) Q2 2026 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2026 rose 23.2% YoY to US$1,155.5 million, driven by strong growth in the programmatic advertising business Mintegral, which contributed 97.3% of Ad-tech revenue.

• Adjusted net profit increased 39.5% YoY to US$52.1 million, and adjusted EBITDA rose 9.4% YoY to US$96.5 million.

• Gaming remained the core revenue driver, accounting for 75.6% of Mintegral's revenue, with non-gaming verticals also showing double-digit growth.

• The company continued to invest in AI-driven advertising infrastructure and SaaS Mar-tech tools, reinforcing its position as a growth hub for small and medium-sized developers globally.

Financial highlights

• Total revenue: US$1,155.5 million (+23.2% YoY); Ad-tech revenue: US$1,146.6 million (+23.4% YoY); Mar-tech revenue: US$9.0 million (+2.0% YoY).

• Gross profit: US$247.9 million (+23.3% YoY); gross profit margin: 21.5% (vs. 21.4% prior year).

• Operating profit: US$43.9 million; adjusted EBITDA: US$96.5 million (+9.4% YoY); profit attributable to equity holders: US$46.7 million (+44.8% YoY); basic EPS: 3.04 US cents.

• Net cash flow from operating activities: US$99.5 million (+18.7% YoY).

• No interim dividend declared for the period.

Outlook and guidance

• The company aims to further strengthen Mintegral’s competitive advantage through continuous algorithm and creative optimization, targeting both gaming and non-gaming verticals.

• Mar-tech product portfolio will be upgraded, with SaaS expansion into overseas markets and enhanced synergy with Ad-tech.

• Strategic focus remains on global expansion, data privacy compliance, leveraging AI for full-lifecycle automation, and operational efficiency.

• Priorities include enhancing smart bidding systems and expanding into non-gaming verticals.