Latest news with #Affle
Business Upturn
2 days ago
- Business
- Business Upturn
Affle 3i shares surge over 5% today after key update on Bobble investment and legal action
By Aditya Bhagchandani Published on June 10, 2025, 09:31 IST Shares of Affle 3i Ltd surged over 5% on Tuesday, June 10, reaching ₹1,970.00, following a crucial update regarding the company's ongoing legal and investment matters with Talent Unlimited Online Services Private Limited (Bobble). The stock emerged as one of the top gainers on NSE, climbing ₹101.30 from its previous close of ₹1,868.70. In a regulatory filing dated June 9, Affle 3i announced that its Investment Committee will convene on June 16, 2025, to assess the current status of its investment in Bobble. The company had earlier flagged Bobble for recurring financial losses, suspected fraudulent transactions, regulatory non-compliance, and potential data leakage involving entities linked to China. Affle had previously classified this investment as 'Held For Sale' and is now pursuing legal enforcement of its rights. Despite a court mandate and an arbitration ruling directing Bobble to comply with inspection rights, the startup has allegedly failed to cooperate. Affle has since filed an execution petition with the Delhi High Court and is also supporting the Enforcement Directorate's probe into Bobble under FEMA. The sharp stock movement reflects investor optimism regarding Affle's assertive legal stance and its commitment to corporate governance and transparency. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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Business Standard
10-05-2025
- Business
- Business Standard
Affle 3i Q4 results: Profit rise 18% rise to Rs 103 cr on higher revenue
Technology firm Affle 3i has reported a 17.8 per cent increase in consolidated net profit to Rs 103 crore in the March quarter. It had reported a profit (attributable to equity holders of the parent) of Rs 87.4 crore in the year-ago period, according to a regulatory filing. Revenue from operation during the quarter came in 18.9 per cent higher at Rs 602.2 crore, against Rs 506.2 crore a year ago. Sequentially, profit and revenue rose 2.79 per cent and 0.09 per cent, respectively. For the full FY25, profit rose 28.4 per cent to reach Rs 381.8 crore, while revenue increased 22.9 per cent to Rs 2,266.3 crore. Affle MD and CEO Anuj Khanna Sohum said the performance was driven by "consistent outperformance" of the company's CPCU (cost per converted user) business model and further amplified by favourable industry dynamics. "Having pioneered innovation and delivered meaningful impact over the past two decades, we now turn our focus to intelligence as a key growth driver. This integrated approach positions us to scale efficiently, fortify our competitive moat and unlock greater value for all our stakeholders," he said. Affle India Ltd was renamed to Affle 3i Ltd last month. Affle offers AI-led solutions in mobile advertising. It enables advertisers to optimise targeting, personalise user engagement and maximise ROI by combining proprietary data, deep audience insights and advanced generative AI capabilities. It has presence in Asia, North America, South America, Europe, and Africa.
Business Standard
05-05-2025
- Business
- Business Standard
Affle 3i secures patent in US to tackle fraud activities in advertising ecosystem
Affle 3i said that it has been granted a new patent in the United States (US) targeting fraud detection in app installations, reinforcing its global IP portfolio. The newly awarded patent, titled Method and System for Application Installation and Detection of Fraud in Advertisement, addresses the pressing challenge of fraudulent activities in the digital advertising ecosystem, particularly focusing on fraudulent app installations. The system leverages advanced algorithms and machine learning techniques to augment the reliability of performance-driven advertising by filtering out manipulated signals, detecting behavioral anomalies, verifying publisher authenticity and monitoring app installation processes for legitimacy. This milestone marks Affle 3is 13th patent grant, adding to its total IP portfolio of 36 patents filed to date. The patent further strengthens the companys AI-powered consumer platform stack, building upon its previously granted IPs that collectively enhance the quality and effectiveness of conversion-driven marketing. Affle is a global technology company with a proprietary consumer intelligence platform that delivers consumer recommendations and conversions through relevant Mobile Advertising. The platform aims to enhance returns on marketing investment through contextual mobile ads and also by reducing digital ad fraud. The companys consolidated net profit increased 8.95% to Rs 100.22 crore in Q3 FY25 as compared with Rs 91.99 crore in Q2 FY25. Revenue from operations jumped 10.8% QoQ to Rs 601.7 crore in Q3 FY25. The counter advanced 1.07% to end at Rs 1,599.05 on Friday, 2 May 2025.
