Mobvista Debuts on Fortune 500 Southeast Asia List, Fueled by Strong Ad Tech Business Growth
Mobvista's inclusion reflects the company's robust financial growth in 2024, driven by investment in AI-powered technologies and global adoption of its programmatic advertising platform, Mintegral.
For the twelve months ended December 31, 2024, Mobvista reported the following financial highlights:
Revenue: Reached USD 1.51 billion, a year-over-year (YoY) increase of 43.0%.
Gross Profit: Recorded at USD 316.3 million, increasing 45.6% YoY.
Adjusted EBITDA: Reached USD 138.3 million, up 31.3% YoY.
The company's investment in AI and machine learning continues to be the primary engine of this growth. Mintegral generated USD 1.44 billion in revenue in 2024 – a 47.2% increase YoY, with smart bidding products contributing over 70% of the total revenue.
Clement Cao, Co-founder and CEO of Mobvista, said: '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. In a world where AI is evolving at an unprecedented pace, our mission remains clear: to help developers turn complexity into opportunity. This recognition validates our strategy of investing in intelligent, performance-driven solutions and inspires us to continue building tools that empower our clients to grow smarter, faster, and more sustainably.'
Fortune's new list highlights the economic dynamism of Southeast Asia, a region emerging as a crucial engine for global growth. Mobvista was bolstered by a successful multi-vertical strategy, with gaming revenue rising 37.0% YoY to USD 1.04 billion and the non-gaming segment climbing 82.0% YoY to USD 403.3 million in 2024.
The Fortune Southeast Asia 500 list ranks companies from seven nations, including Singapore, Indonesia, Thailand, Malaysia, Vietnam, the Philippines, and Cambodia. Collectively, the 500 companies on the 2025 list generated $1.82 trillion in revenue.
About Mobvista
Mobvista (1860.HK) is a leading global marketing and advertising technology company, providing a complete suite of advertising and analytics tools for app developers and marketers seeking global growth. Providing a range of tailored solutions, such as user acquisition, creative automation, and cross-channel media buying, Mobvista enables mobile businesses to maximize their potential.
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