Mobvista Inc. logo

Mobvista Inc.

1860.HK

HKSECommunication ServicesAdvertising Agencies

Latest quote

HK$10.68

+HK$0.705 · +7.07%

Aug 25, 4:08 PM HKT

1860.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Mobvista Inc. is a global technology services firm, providing a diverse array of solutions. Its offerings encompass marketing technology instruments, notably advertising platforms such as Mintegral and Nativex, which facilitate advertising transactions. The company also furnishes data analytics capabilities through tools like GameAnalytics. Furthermore, Mobvista delivers cloud computing solutions, including the SaaS platform SpotMax, engineered to assist clients in optimizing their cloud resource expenditure. Another specialized platform, Reyun Data, is dedicated to monitoring mobile advertising campaign performance and delivering insightful data analysis. Established in 2013, Mobvista Inc. maintains its headquarters in Guangzhou, People's Republic of China, and operates as a subsidiary of Seamless Technology Limited.

Industry
Advertising Agencies
Sector
Communication Services
Headquarters
SG
CEO
Xiaohuan Cao
Listed since
Dec 12, 2018
Employees
690

Market position

52-week range

Current HK$10.68

Open
HK$10.68
Previous close
HK$9.975
Volume
0
0× average
Average volume
18.14M
Average daily volume
Market cap
17.58B HKD
Beta
0.09
Market reference 1
50-day average
HK$11.1123
-3.89% below average
200-day average
HK$13.9928
-23.68% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.9B USD
P/E (TTM)
27.64×
P/B (TTM)
4.83×
P/S (TTM)
0.99×
EV / EBITDA
17.12×
Earnings yield
2.06%
Free cash flow yield
5.33%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
21.24%
Operating margin
3.82%
Net margin
3.36%
Return on equity
21.33%
Return on assets
6.98%
Return on invested capital
23.02%

Financial health

Debt / equity
0.05×
Current ratio
0.97×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends24%14%4%-6%Gross margin, FY2021: 16.14%Gross margin, FY2022: 19.79%Gross margin, FY2023: 20.61%Gross margin, FY2024: 20.98%Gross margin, FY2025: 21.21%Operating margin, FY2021: -1.64%Operating margin, FY2022: 0.25%Operating margin, FY2023: 2.81%Operating margin, FY2024: 2.52%Operating margin, FY2025: 4.67%Net margin, FY2021: -3.30%Net margin, FY2022: 1.68%Net margin, FY2023: 2.07%Net margin, FY2024: 1.04%Net margin, FY2025: 3.01%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 16.14%. Gross margin FY2022 19.79%. Gross margin FY2023 20.61%. Gross margin FY2024 20.98%. Gross margin FY2025 21.21%. Operating margin FY2021 -1.64%. Operating margin FY2022 0.25%. Operating margin FY2023 2.81%. Operating margin FY2024 2.52%. Operating margin FY2025 4.67%. Net margin FY2021 -3.30%. Net margin FY2022 1.68%. Net margin FY2023 2.07%. Net margin FY2024 1.04%. Net margin FY2025 3.01%.

Income trends

Revenue

2.05B USD+35.95%

Operating income

95.69M USD+152.24%

Net income

61.71M USD+292.03%
Income trends across reported periods2.26B USD1.43B USD597.45M USD−232.43M USDRevenue, FY2021: 755.41M USDRevenue, FY2022: 894.41M USDRevenue, FY2023: 1.05B USDRevenue, FY2024: 1.51B USDRevenue, FY2025: 2.05B USDOperating income, FY2021: −12.36M USDOperating income, FY2022: 2.25M USDOperating income, FY2023: 29.58M USDOperating income, FY2024: 37.93M USDOperating income, FY2025: 95.69M USDNet income, FY2021: −24.96M USDNet income, FY2022: 14.99M USDNet income, FY2023: 21.8M USDNet income, FY2024: 15.74M USDNet income, FY2025: 61.71M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 755.41M USD. Revenue FY2022 894.41M USD. Revenue FY2023 1.05B USD. Revenue FY2024 1.51B USD. Revenue FY2025 2.05B USD. Operating income FY2021 −12.36M USD. Operating income FY2022 2.25M USD. Operating income FY2023 29.58M USD. Operating income FY2024 37.93M USD. Operating income FY2025 95.69M USD. Net income FY2021 −24.96M USD. Net income FY2022 14.99M USD. Net income FY2023 21.8M USD. Net income FY2024 15.74M USD. Net income FY2025 61.71M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue2.05B USD1.51B USD1.05B USD894.41M USD755.41M USD
Cost of goods sold1.62B USD1.19B USD836.8M USD717.38M USD633.49M USD
Gross profit434.74M USD316.35M USD217.29M USD177.03M USD121.92M USD
Research and development188.03M USD152.27M USD94.28M USD106.89M USD68.77M USD
Selling, general, and administrative150.81M USD123.78M USD104.5M USD114.96M USD74.78M USD
Operating expenses339.06M USD278.41M USD187.71M USD174.78M USD134.28M USD
Interest income4.69M USD4.64M USD2.68M USD743K USD5.74M USD
Interest expense4.2M USD7.48M USD7.15M USD5.29M USD4.38M USD
Depreciation and amortization73.53M USD10.56M USD72.84M USD10.69M USD29.05M USD
Operating income95.69M USD37.93M USD29.58M USD2.25M USD−12.36M USD
Net income61.71M USD15.74M USD21.8M USD14.99M USD−24.96M USD

Company facts updated Aug 25, 2026.

Earnings

Latest EPS result
0.06

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.470.290.12-0.06Q4 '24Q4 '24Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 15, 2024: actual 0.05, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 31, 2024: actual -0.018, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 26, 2025: actual 0.107, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 25, 2025: actual 0.195, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 21, 2025: actual 0.122, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 11, 2026: actual 0.43, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 31, 2026: actual 0.17, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 24, 2026: actual 0.064, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates7.68B6.16B4.63B3.1BQ4 '24No estimateQ2 '25No estimateQ3 '25No estimateQ4 '25No estimateQ1 '26No estimateQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q4 2024, reported Dec 31, 2024: actual 3.52B HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 26, 2025: actual 3.42B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 25, 2025: actual 7.37B HKD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 21, 2025: actual 4.14B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 11, 2026: actual 4.49B HKD, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 31, 2026: actual 4.56B HKD, estimate 4.54B HKD, surprise +0.30%, Beat. Q3 2026, reported Aug 24, 2026: actual 4.5B HKD, estimate 4.5B HKD, surprise -0.02%, Miss. Q4 2026, reported Nov 23, 2026: actual —, estimate 4.79B HKD, surprise —, Comparison unavailable.

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