Mobvista, Asia’s leading mobile ad tech company, announced this week that 2016 was its strongest year to date. According to its latest financial report, Mobvista’s 2016 revenues reached $296 million, representing an increase of 155% over 2015.
After a year of significant growth around the globe, by the end of 2016, over 60% of Mobvista’s revenues came from clients based outside of China.
Revenues in the United States increased nine-fold, while revenues from South Korea increased five-fold. In addition to this substantial increase of revenues, Mobvista’s total assets also increased in value in 2016 – tripling from $86 million to $254 million.
As competition in both domestic and international markets continues to increase, Mobvista’s financial performance better positions the company as China’s most successful mobile ad tech business, a provided announcement explains.
“2016 has been a record year for Mobvista, both in terms of financial performance and our growth as a company,” said Mobvista’s Founder and CEO, Robin Duan. “Mobvista has become more than just a user acquisition company. We have expanded our products and services along the value chain to the point that we can help brands on almost every aspect of their campaigns and publishers with traffic monetization.”