Investor - Mobvista

  For the Year Ended 31 December
  2021 2020 YoY
  US$’000 US$’000 Change
Revenue 755,412 516,148 46.4%
Net Revenue(1) 148,692 101,941 45.9%
Gross Profit 121,922 82,140 48.4%
Loss for the year (24,764) (5,206) 375.7%
Non-IFRS measures      
  Adjusted EBITDA(2) 23,533 21,544 9.2%
Non-IFRS measures      
  Adjusted net (loss)/profit(3) (3,945) 8,979 -144.0%

NOTES:

(1)  The net revenue is not an IFRS measure. We define net revenue as revenue adjusted by deducting cost distributed to the traffic publishers.

(2)  We define adjusted EBITDA as EBITDA (which is loss from operations plus depreciation and amortization expenses) for the year adjusted by adding back share-based compensation expenses and investment loss from financial assets at fair value through profit or loss.

(3)  We define adjusted net (loss)/profit as loss for the year adjusted by adding back share-based compensation expenses, investment loss from financial assets at fair value through profit or loss and loss from change in fair value of derivative financial liabilities.