Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Revenue
₹647 Cr
verified against source
Revenue YoY
19.1%
reported change
EBITDA
₹146.1 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Affle delivered a record quarter with revenue of ₹646.7 crore (+19.1% YoY), EBITDA of ₹146.1 crore (+28.9% YoY), and PAT of ₹115 crore (+20.1% YoY). EBITDA margin expanded 172 bps YoY to 22.6%, marking the sixth consecutive quarter of sequential margin expansion. Growth was broad-based across verticals and geographies, with India up 24.8% YoY driven by early festive demand, offsetting the impact of the RMG (real money gaming) headwind. Developed markets grew 16.8% YoY despite some budget rollovers to Q3 due to tariff uncertainty. Management remains confident of sustaining ~20% revenue growth and margin expansion, supported by AI-driven automation (Nikico, Optics AI) and a strong festive pipeline. Key risk: continued RMG headwinds in India and potential US macro uncertainty could temper near-term growth.
Colored figures show movement against the previous available record.
Guidance to track
- Management reaffirmed ability to deliver ~20% YoY revenue growth despite RMG and US budget rollover headwinds.
- EBITDA margin expansion expected to continue, supported by operating leverage and AI-driven cost efficiencies.
- Management is evaluating ~10 acquisition targets with a focus on tech and platform synergies, aiming for one deal per year.
Risks flagged
- Real money gaming vertical continues to face regulatory and operational challenges, impacting ad budgets. Management expects carry-forward effect into Q3.
- Some US advertisers deferred budgets from Q2 to Q3 due to tariff-related uncertainty, though pipeline remains strong.
- Additional provisioning for trade receivables in RMG vertical impacted PBT by ~0.5%, with ongoing assessment required.
Key quotes
- We exceeded all our performance benchmarks to record our highest ever quarterly revenue, EBITDA, profit after tax and convergence.
- Our goal is to continue to improve our pricing to our customers and give them higher value. In the process, if we pass some of that back onto the supply side by going more premium, I think that is helping us increase our competitive moat.
- We are not increasing our opex and the margin at these levels should be sustainable for the medium term.
Research modules