| For the Six Months Ended 30 June | |||
| 2022 | 2021 | YoY | |
|
US$’000 (Unaudited) |
US$’000 (Unaudited) |
Change | |
| Revenue | 455,796 | 307,756 | 48.1% |
| Net Revenue(1) | 111,098 | 55,697 | 99.5% |
| Gross Profit | 89,980 | 42,425 | 112.1% |
| Profit/(loss) for the period | 21,650 | (38,773) | 155.8% |
| Non-IFRS measures | |||
| Adjusted EBITDA(2) | 5,824 | 2,225 | 161.7% |
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 profit/(loss) from operations plus depreciation and amortization expenses) for the period adjusted by adding back or deducting share-based compensation expenses, investment loss from financial assets at fair value through profit or loss, restructuring expenses of R&D team, attorney expenses of acquisition of Reyun Data, foreign exchange loss and gain on disposal of subsidiaries and top media agency business.