Singapore-based Mobvista, a prominent global marketing and advertising technology firm, has made its debut on the Fortune 500 Southeast Asia list, ranking at 208. The company’s inclusion is attributed to its significant financial growth in 2024, driven by investments in AI-powered technologies and the global expansion of its programme advertising platform, Mintegral.
Mobvista reported impressive financial results for the year ending 31 December 2024, with revenue reaching US$1.51 billion, marking a 430% year-on-year increase. Gross profit rose by 456% to US$316.3 million, whilst adjusted EBITDA climbed 313% to US$138.3 million. Mintegral, the company’s core growth engine, generated $1.44 billion in revenue, a 472% increase from the previous year, with smart bidding products contributing over 70% of the total revenue.
Clement Cao, co-founder and CEO of Mobvista, expressed pride in the company’s achievement, stating, “Being included in the Fortune Southeast Asia 500 list is a meaningful milestone that reflects our evolving role as the growth hub for global developers. This recognition validates our strategy of investing in intelligent performance-driven solutions.”
The Fortune Southeast Asia 500 list highlights the economic dynamism of the region, with Mobvista’s performance underscoring the critical role of adtech in driving growth. The company’s multivertical strategy saw gaming revenue rise 370% to $1.04 billion, whilst the non-gaming segment soared 820% to $403.3 million in 2024.
As Mobvista continues to innovate and expand, its inclusion in the Fortune 500 Southeast Asia list marks a significant milestone in its journey to empower global developers with cutting-edge advertising solutions.
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