Key Financial Performance (Q1 FY27)

Revenue: ₹728 million, representing:

  • 56.9% year-on-year growth (from Q1 FY26: ₹464 million)
  • 16.3% sequential growth (from Q4 FY26: ₹626 million)

EBITDA: ₹154 million, representing:

  • 77% year-on-year growth (from Q1 FY26: ₹87 million)
  • 15.8% sequential growth (from Q4 FY26: ₹133 million)
  • EBITDA Margin: 21.2% (improved by 240 basis points YoY)

Profit After Tax (PAT): ₹117 million, representing:

  • 95% year-on-year growth (from Q1 FY26: ₹60 million)
  • 39.3% sequential growth (from Q4 FY26: ₹84 million)
  • PAT Margin: 16.1% (improved by 320 basis points YoY)

Operational and Business Metrics

Platform Scale:

  • Processes over 1.3 billion signals daily
  • Reaches approximately 2.6 billion devices globally monthly
  • Decisioning speed under 15 milliseconds
  • Delivered 14.16 million verified outcomes in Q1 FY27
  • Revenue per outcome: ₹49.94

Client Base:

  • Serves 155+ brands across 12 countries
  • Direct clients contributed 65.2% of Q1 revenue (down from 73.9% in FY26 due to international expansion strategy)
  • International markets contributed 20.7% of revenue

Key Sectors: Growth led by direct advertiser demand in Quick Commerce, BFSI, FinTech, and Retail sectors, with premium omnichannel formats like connected TV and video streaming lifting monetization quality.

Strategic Developments and Product Launches

Mobavenue Neural Engine Launch: A unified AI intelligence layer that powers every product across the company's A3 framework (Awareness, Acquisition, Activation). The engine operates on a P3 architecture:

  • Process Signals
  • Predict Intent
  • Produce Outcomes

Key capabilities include:

  • Campaign planning and launch in under 59 seconds
  • Generative creative intelligence for placement-ready creatives
  • Conversational reporting in plain language
  • Closed-loop system where every outcome becomes a new signal

Global Expansion:

  • Commenced operations in the United States
  • Expanded through Singapore as a regional gateway into high-growth Asian markets
  • Launched PrsmX operations in Philippines

New Product Launches:

  • PiiX: AI-powered growth intelligence platform purpose-built for Apple ads ecosystem, integrating Apple Search Ads, custom product pages, and app store optimization
  • Complements SurgeX on Android, completing acquisition coverage across major mobile ecosystems

Industry Collaboration:

  • Launched AI marketing maturity study with Mobile Marketing Media Alliance and E&Y
  • Benchmarked AI adoption across 60+ marketing leaders in 11+ industries

Management Commentary and Outlook

Long-term Philosophy: "Rule of 50" - sustained annual revenue growth above 30% together with EBITDA margins of 20% or higher.

FY27 Priorities:

1. Deepen enterprise and mid-market penetration in India

2. Scale globally through asset-light, outcome-based model via agencies, resellers, and platform partnerships

3. Continue AI and product roadmap enhancement

4. Scale Neural Engine and extend purpose-built platforms across Apple, streaming TV, DOOH, retail, reward media, and creative optimization

2030 Vision: Evolve beyond AdTech into a global AI-native operating system for advertising and consumer growth.

Capital Allocation and Balance Sheet

  • Balance sheet remains strong supported by FY26 preferential raise and cash-generative business
  • Capital prioritized towards AI stack, international expansion, and platform capabilities
  • Selective evaluation of inorganic opportunities that add clear capability or market access
  • Disciplined approach to acquisitions focusing on strategic fit and economic viability

Risk Factors Discussed

  • Regulatory changes in operating markets
  • Currency risk (mitigated by balancing revenue between INR and USD)
  • AI disruption and technological evolution
  • Economic factors including inflation
  • Geopolitical tensions in operating regions

Geographic Presence

Growing presence across India, UK, Latin America, Southeast Asia, Middle East, US, and Singapore.

Competitive Landscape

Identified global competitors include AppLovin, Unity, and Trade Desk. In India, key competitors are Affle and InMobi.