Mobvista Announces Growth in Revenue, Gross Profit, and 130.4% YoY Surge in Operating Cash Flow

Mobvista, a leading mobile technology company providing a complete suite of advertising and analytics tools for app developers, has unveiled its 2022 financial results, showcasing strong growth across key financial indicators. The company reported an 18.4% YoY increase in revenue, reaching $894 million. After accounting for costs allocated to traffic publishers, net income rose to $225 million, marking a 51.1% YoY growth. Gross profit also experienced significant growth, achieving $177 million with a 45.2% YoY increase. Additionally, adjusted EBITDA registered a 53.6% YoY rise, totaling $36.14 million.