Mobvista Second Quarter 2024 Earnings: EPS: US$0.001 (vs US$0.005 in 2Q 2023)

Simply Wall St·08/25/2024 00:54:05

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Mobvista (HKG:1860) Second Quarter 2024 Results

Key Financial Results

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).
EPS: US$0.001 (down from US$0.005 in 2Q 2023).

earnings-and-revenue-growth — SEHK:1860 Earnings and Revenue Growth August 25th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Mobvista Earnings Insights

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Media industry in Hong Kong.

Performance of the Hong Kong Media industry.

The company's shares are down 7.4% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Mobvista that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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