Mobvista rises to No. 166 in Fortune Southeast Asia 500
Mobvista climbed to No. 166 in the 2026 Fortune Southeast Asia 500 list, up from No. 208 in 2025, driven by strong financial performance. The company reported a 35.7% increase in 2025 revenue to US$2.047 billion and a 38.1% rise in adjusted EBITDA to US$191 million. Temasek established a US$150 million equity position in Mobvista to support its global expansion.
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Mobvista (1860.HK) has been ranked No. 166 in the 2026 Fortune Southeast Asia 500, rising from its 2025 position of No. 208. The list, which focuses on the highest-revenue companies in Southeast Asia, reflects Mobvista's 2025 financial performance and its status as a global growth platform. The company is headquartered in Singapore.
According to Mobvista's 2025 annual results, the Group recorded total revenue of US$2.047 billion, an increase of 35.7% year over year. Adjusted EBITDA reached US$191 million, up 38.1% year over year. This growth continued into the first quarter of 2026, with revenue of US$581 million for the three months ended March 31, 2026, representing a 32.2% year-over-year increase.
Financial Performance
The following table details Mobvista's financial results for the fiscal year 2025 and the first quarter of 2026:
| Period | Revenue | YoY Change | Adjusted EBITDA | YoY Change |
|---|---|---|---|---|
| FY 2025 | US$2.047 billion | 35.7% | US$191 million | 38.1% |
| Q1 2026 | US$581 million | 32.2% | - | - |
Strategic Developments
Clement Cao, Co-Founder and CEO of Mobvista, attributed the ranking rise to the company's long-term commitment to AI-driven advertising solutions. He stated that Mobvista will continue to deepen investment in AI infrastructure to provide global developers with improved growth services.
Mobvista also announced that Temasek, a Singapore-based global investment company, has established an equity position in the company valued at US$150 million. This investment is intended to support Mobvista's global expansion efforts.
The Fortune Southeast Asia 500 ranks companies from seven countries: Singapore, Indonesia, Thailand, Malaysia, Vietnam, the Philippines, and Cambodia. The 2026 edition is the third annual ranking, with the 500 listed companies generating a total of US$1.88 trillion in revenue and US$150 billion in profits in 2025.
How will the $150 million investment from Temasek specifically accelerate Mobvista's expansion into new geographic markets?
What are the projected capital expenditure requirements for the planned deepening of AI infrastructure?
Can the 32.2% revenue growth rate in Q1 2026 be sustained throughout the remainder of the fiscal year?
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