Affle 3i Ltd reported a new high in fiscal 2027 first-quarter revenue and earnings, leveraging organic growth, strategic acquisitions, and AI-led tools amid changing market conditions and expanding international footprint.
Affle 3i Ltd said its first-quarter results for fiscal 2027 marked a fresh high for revenue, earnings before interest, tax, depreciation and amortisation, profit after tax and consumer conversions, as the mobile ad-tech group continued to lean on both organic growth and deal-making to expand its reach. The company reported revenue of INR7.47 billion, up 20.4% from a year earlier, while EBITDA rose 20% to INR1.68 billion and PAT increased 21.7% to INR1.28 billion.
Management said the quarter extended a run of 14 consecutive periods of sequential top-line growth, even though some parts of the business remained under pressure from regulation and softer macroeconomic conditions. Affle said more than 95% of revenue came from businesses growing at more than 25% year on year after adjustment for those headwinds, with real-money gaming and some fintech-linked categories among the areas affected.
The company also pointed to a growing international footprint. India and other emerging markets accounted for 72.2% of revenue and grew 20.2% year on year, while developed markets rose 20.7%. The group said the recently acquired AdColony assets should help it activate more than 100,000 mobile apps and reach more than 500 million connected devices in developed markets, strengthening its publisher network and audience data. It is also progressing on a larger acquisition, with due diligence under way and a target to close by early 2027.
Affle is pitching itself as a consumer platform rather than a channel-specific advertiser, with management highlighting its focus on connected devices including mobile, connected TV and other intelligent devices. The company said it now has more than 300 unique patent claims and won 18 industry awards, while also investing in AI-led tools such as agentic AI and data models that distinguish between human and non-human behaviour. Even so, gross margins remain sensitive to currency shifts, and the company acknowledged that operating cash flow conversion was weaker in the quarter after a strong collection period late in fiscal 2026.
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