Half Year Results 

Taptica raises full-year profit expectations

Taptica raises full-year profit expectations

Following market jitters over companies that leverage big data, Taptica’s (TAP) first-year results to June 2018 allayed investor concerns. On top of stellar revenue growth, the mobile advertising group’s gross profits more than doubled to $58.5m and the gross margin edged up 1.2 percentage points to 40.6 per cent. Such momentum was buoyed by the acquisition of Tremor Video last August, which contributed $71.9m in sales from brand advertising. Meanwhile, the existing Taptica business benefited from greater contributions from the Asia-Pacific region. 

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now