Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €1.10, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Media industry in Germany. Total returns to shareholders of 176% over the past three years. Reported Earnings • Jun 01
First quarter 2026 earnings released: EPS: US$0.022 (vs US$0.014 in 1Q 2025) First quarter 2026 results: EPS: US$0.022 (up from US$0.014 in 1Q 2025). Revenue: US$581.3m (up 32% from 1Q 2025). Net income: US$34.2m (up 61% from 1Q 2025). Profit margin: 5.9% (up from 4.8% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 55% per year whereas the company’s share price has increased by 57% per year. Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Jimmy Wong was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • May 19
Mobvista Inc. to Report Q1, 2026 Results on May 31, 2026 Mobvista Inc. announced that they will report Q1, 2026 results at 9:30 AM, China Standard Time on May 31, 2026 Announcement • Feb 27
Mobvista Inc. to Report Fiscal Year 2025 Results on Mar 11, 2026 Mobvista Inc. announced that they will report fiscal year 2025 results on Mar 11, 2026 Announcement • Nov 11
Mobvista Inc. to Report Q3, 2025 Results on Nov 21, 2025 Mobvista Inc. announced that they will report Q3, 2025 results on Nov 21, 2025 Announcement • Aug 22
Mobvista Inc. Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2025 Mobvista Inc. provided consolidated earnings guidance for the six months ended 30 June 2025. For the period, the Group expected to record a net profit of between approximately USD 30 million and USD 38 million for the Period, compared to a net profit of approximately USD 7.34 million for the six months ended 30 June 2024. Based on currently available information, the expected increase in net profit for the Period is primarily attributable to (i) the rapid development of the industry where Mintegral, core programmatic advertising platform, operates, with leading technology in this sector driving continuous revenue growth; (ii) under the economies of scale, the operating leverage becomes prominent, driving up the net profit margin. Announcement • Aug 18
Mobvista Inc. to Report First Half, 2025 Results on Aug 29, 2025 Mobvista Inc. announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • May 14
Mobvista Inc. to Report Q1, 2025 Results on May 26, 2025 Mobvista Inc. announced that they will report Q1, 2025 results on May 26, 2025 Announcement • Apr 01
Mobvista Inc., Annual General Meeting, Jun 13, 2025 Mobvista Inc., Annual General Meeting, Jun 13, 2025. Announcement • Mar 17
Mobvista Inc. to Report Fiscal Year 2024 Results on Mar 31, 2025 Mobvista Inc. announced that they will report fiscal year 2024 results on Mar 31, 2025 Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: US$0.007 (vs US$0.003 in 3Q 2023) Third quarter 2024 results: EPS: US$0.007 (up from US$0.003 in 3Q 2023). Revenue: US$416.5m (up 55% from 3Q 2023). Net income: US$9.90m (up 162% from 3Q 2023). Profit margin: 2.4% (up from 1.4% in 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Media industry in Germany. Announcement • Nov 05
Mobvista Inc. to Report Q3, 2024 Results on Nov 15, 2024 Mobvista Inc. announced that they will report Q3, 2024 results on Nov 15, 2024 Reported Earnings • Sep 24
Second quarter 2024 earnings released: EPS: US$0.001 (vs US$0.005 in 2Q 2023) Second quarter 2024 results: EPS: US$0.001 (down from US$0.005 in 2Q 2023). Revenue: US$336.8m (up 29% from 2Q 2023). Net income: US$1.67m (down 74% from 2Q 2023). Profit margin: 0.5% (down from 2.5% in 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Media industry in Germany. Reported Earnings • Aug 25
Second quarter 2024 earnings released: EPS: US$0.001 (vs US$0.005 in 2Q 2023) Second quarter 2024 results: EPS: US$0.001 (down from US$0.005 in 2Q 2023). Revenue: US$336.8m (up 29% from 2Q 2023). Net income: US$1.67m (down 74% from 2Q 2023). Profit margin: 0.5% (down from 2.5% in 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Media industry in Germany. Announcement • Aug 09
Mobvista Inc. to Report First Half, 2024 Results on Aug 23, 2024 Mobvista Inc. announced that they will report first half, 2024 results on Aug 23, 2024 Buy Or Sell Opportunity • Jul 01
Now 33% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to €0.28. The fair value is estimated to be €0.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 87% in the next 2 years. Buy Or Sell Opportunity • Jun 21
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to €0.29. The fair value is estimated to be €0.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 87% in the next 2 years. Buy Or Sell Opportunity • Jun 04
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to €0.30. The fair value is estimated to be €0.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 87% in the next 2 years. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: US$0.005 (vs US$0.002 in 1Q 2023) First quarter 2024 results: EPS: US$0.005 (up from US$0.002 in 1Q 2023). Revenue: US$301.5m (up 23% from 1Q 2023). Net income: US$7.59m (up 107% from 1Q 2023). Profit margin: 2.5% (up from 1.5% in 1Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Media industry in Germany. Buy Or Sell Opportunity • May 13
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 3.6% to €0.34. The fair value is estimated to be €0.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Reported Earnings • Apr 17
Full year 2023 earnings released: EPS: US$0.014 (vs US$0.01 in FY 2022) Full year 2023 results: EPS: US$0.014 (up from US$0.01 in FY 2022). Revenue: US$1.05b (up 18% from FY 2022). Net income: US$21.8m (up 45% from FY 2022). Profit margin: 2.1% (up from 1.7% in FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Media industry in Germany. Announcement • Apr 16
Mobvista Inc., Annual General Meeting, Jun 18, 2024 Mobvista Inc., Annual General Meeting, Jun 18, 2024, at 10:00 China Standard Time. Location: Guangzhou room, 44/F, Tianying Plaza (East Tower), No. 222-3 Xingmin Road, Zhujiang New Town, Tianhe District, Guangzhou Guangdong Province China Agenda: To consider and adopt the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors and auditor for the year ended 31 December 2023; to re-elect retiring directors of the Company (the "Directors"): to re-appoint KPMG as auditor of the Company and authorise the Directors to fix its remuneration and to consider other matters. Reported Earnings • Mar 17
Full year 2023 earnings released: EPS: US$0.014 (vs US$0.01 in FY 2022) Full year 2023 results: EPS: US$0.014 (up from US$0.01 in FY 2022). Revenue: US$1.05b (up 18% from FY 2022). Net income: US$21.8m (up 45% from FY 2022). Profit margin: 2.1% (up from 1.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Media industry in Germany. Announcement • Mar 01
Mobvista Inc. to Report Fiscal Year 2023 Results on Mar 15, 2024 Mobvista Inc. announced that they will report fiscal year 2023 results on Mar 15, 2024 Board Change • Feb 02
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Jimmy Wong was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: US$0.003 (vs US$0.003 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.003 (up from US$0.003 loss in 3Q 2022). Revenue: US$269.4m (up 23% from 3Q 2022). Net income: US$3.78m (up US$8.63m from 3Q 2022). Profit margin: 1.4% (up from net loss in 3Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Media industry in Germany. Announcement • Nov 02
Mobvista Inc. to Report Q3, 2023 Results on Nov 15, 2023 Mobvista Inc. announced that they will report Q3, 2023 results on Nov 15, 2023 Reported Earnings • Sep 17
Second quarter 2023 earnings released: EPS: US$0.005 (vs US$0.005 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.005 (up from US$0.005 loss in 2Q 2022). Revenue: US$261.6m (up 17% from 2Q 2022). Net income: US$6.49m (up US$13.8m from 2Q 2022). Profit margin: 2.5% (up from net loss in 2Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Media industry in Germany. Board Change • Aug 31
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Jimmy Wong was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: US$0.005 (vs US$0.005 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.005 (up from US$0.005 loss in 2Q 2022). Revenue: US$261.6m (up 17% from 2Q 2022). Net income: US$6.49m (up US$13.8m from 2Q 2022). Profit margin: 2.5% (up from net loss in 2Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Media industry in Germany. Announcement • Aug 03
Mobvista Inc. to Report First Half, 2023 Results on Aug 15, 2023 Mobvista Inc. announced that they will report first half, 2023 results on Aug 15, 2023 Announcement • May 12
Mobvista Inc. Announces Executive Changes Mobvista Inc. announced that Ms. SO Shuk Yi Betty (Ms. SO) resigned as the company secretary of the Company. The Board announced that Ms. LEE Angel Pui Shan (Ms. LEE) has been appointed as the Company Secretary, the Authorised Representative and the Process Agent with effect from 11 May 2023. Ms. LEE is a Corporate Secretarial Executive of SWCS Corporate Services Group (Hong Kong) Limited (SWCS) and has extensive company secretarial professional experience. Ms. LEE holds a bachelor's degree in accounting and is a certified public accountant of The Hong Kong Institute of Certified Public Accountants and also a member of The Hong Kong Chartered Governance Institute. Before joining SWCS, she worked for Ernst & Young (Hong Kong and Beijing), participated in several Chinese overseas listings, and was also responsible for many internal control projects for their compliance with the listing requirements of Hong Kong and overseas. Board Change • May 11
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Jimmy Wong was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • May 03
Full year 2022 earnings released: EPS: US$0.01 (vs US$0.016 loss in FY 2021) Full year 2022 results: EPS: US$0.01 (up from US$0.016 loss in FY 2021). Revenue: US$894.4m (up 18% from FY 2021). Net income: US$15.0m (up US$40.0m from FY 2021). Profit margin: 1.7% (up from net loss in FY 2021). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Media industry in Germany. Board Change • Apr 21
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Honnus Cheung was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: US$0.01 (vs US$0.016 loss in FY 2021) Full year 2022 results: EPS: US$0.01 (up from US$0.016 loss in FY 2021). Revenue: US$894.4m (up 18% from FY 2021). Net income: US$15.0m (up US$40.0m from FY 2021). Profit margin: 1.7% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Media industry in Germany. Board Change • Nov 21
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Honnus Cheung was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 31
First half 2022 earnings released: EPS: US$0.016 (vs US$0.025 loss in 1H 2021) First half 2022 results: EPS: US$0.016 (up from US$0.025 loss in 1H 2021). Revenue: US$455.8m (up 48% from 1H 2021). Net income: US$24.7m (up US$63.5m from 1H 2021). Profit margin: 5.4% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 22%, compared to a 6.3% growth forecast for the Media industry in Germany. Announcement • Aug 18
Mobvista Inc. to Report First Half, 2022 Results on Aug 29, 2022 Mobvista Inc. announced that they will report first half, 2022 results on Aug 29, 2022 Board Change • Jul 06
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Honnus Cheung was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 16
Mobvista Inc. Announces Executive Changes The board of directors of Mobvista Inc. announced that Mr. YING Lei (Mr. YING) has resigned as an independent non-executive Director, the chairman of the remuneration committee (Remuneration Committee) and a member of the nomination committee (Nomination Committee) and the audit committee (Audit Committee) of the Company, respectively, with effect from 13 May 2022 due to pursuit of his personal commitments. The Board announced that Ms. CHEUNG Ho Ling Honnus (Ms. CHEUNG) has been appointed as an independent non-executive Director and a member of the Remuneration Committee, Nomination Committee and Audit Committee, respectively, with effect from 13 May 2022. Ms. CHEUNG, aged 51, who has over 20 years of working experience, specializes in building operations, providing financial leadership and spearheading mergers and acquisitions and fundraising across the global media, mobile, e-commerce, internet and fintech industries and has expertise in digital transformation, environmental, social andgovernance (ESG), finance, and start-up topics. Ms. CHEUNG is the co-founder and the current chief strategy officer of Mojodomo Group. She is primarily responsible for fundraising and providing strategic direction to expand Mojodomo Group's business in Asia. From 2017 to March 2021, Ms. CHEUNG was an independent non-executive director and the chairman of the audit committee of iClick Interactive Asia Group Limited. The Board further announced that Mr. HU Jie, an independent non-executive Director, has been appointed as the chairman of the Remuneration Committee in replacement of Mr. YING with effect from 13 May 2022. Reported Earnings • May 01
Full year 2021 earnings released: US$0.016 loss per share (vs US$0.003 loss in FY 2020) Full year 2021 results: US$0.016 loss per share (down from US$0.003 loss in FY 2020). Revenue: US$755.4m (up 46% from FY 2020). Net loss: US$25.0m (loss widened 379% from FY 2020). Over the next year, revenue is forecast to grow 51%, compared to a 8.3% growth forecast for the industry in Germany. Board Change • Apr 29
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Martin Sun was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 02
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Martin Sun was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 01
Mobvista Inc., Annual General Meeting, Jun 08, 2022 Mobvista Inc., Annual General Meeting, Jun 08, 2022. Reported Earnings • Apr 01
Full year 2021 earnings released: US$0.016 loss per share (vs US$0.003 loss in FY 2020) Full year 2021 results: US$0.016 loss per share (down from US$0.003 loss in FY 2020). Revenue: US$755.4m (up 46% from FY 2020). Net loss: US$25.0m (loss widened 379% from FY 2020). 
