{"id":178900,"date":"2026-02-02T04:19:19","date_gmt":"2026-02-02T09:19:19","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=178900"},"modified":"2026-02-02T04:19:19","modified_gmt":"2026-02-02T09:19:19","slug":"affle-3i-reports-19-revenue-growth-in-q3-fy2026-as-ai-driven-conversion-model-scales","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/affle-3i-reports-19-revenue-growth-in-q3-fy2026-as-ai-driven-conversion-model-scales\/","title":{"rendered":"Affle 3i Reports 19% Revenue Growth in Q3 FY2026 as AI-Driven Conversion Model Scales"},"content":{"rendered":"\n<p>Affle 3i Limited (NSE: AFFLE)(formerly known as Affle (India) Limited) The global technology firm&#8217;s quarterly revenue surpassed the \u20b9700 crore threshold, supported by double-digit growth in its Cost Per Converted User (CPCU) segment. Operating margins expanded across major markets as the company integrated agentic AI capabilities into its mobile advertising platforms.<\/p>\n\n\n\n<p>Company reported a consolidated revenue from operations of \u20b9717.5 crore for the quarter ended December 31, 2025, representing a 19.2% increase year-over-year. This performance marked a milestone for the company, delivering its highest-ever quarterly revenue, EBITDA, and consumer conversions. The results indicate a consistent execution across industry verticals and geographies despite a volatile global macroeconomic environment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Key Development<\/h2>\n\n\n\n<p>The primary driver of the quarter&#8217;s growth was the company&#8217;s proprietary CPCU business model, which accounted for 99.5% of total revenue from contracts with customers. During the third quarter, the company delivered 12.0 crore converted users, bringing the nine-month total for FY2026 to 33.6 crore. This outcome-led model focuses on delivering measurable ROI for advertisers by optimizing targeting and personalizing user engagement through deep audience insights.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Product Highlights<\/h2>\n\n\n\n<p>The company is currently expanding its generative AI capabilities through several key initiatives:<\/p>\n\n\n\n<p>\u2022 Niko: A self-service agentic AI engine launched on the iOS-focused Newton platform, designed to enable automated workflows and ROI-driven decisioning.<\/p>\n\n\n\n<p>\u2022 OpticksAI: A tool used for creative optimization to deliver personalized, persona-led advertisements.<\/p>\n\n\n\n<p>\u2022 ConvergeAI: An integrated platform that combines proprietary data and advanced algorithms to unify the consumer journey across multiple demand-side platforms (DSPs).<\/p>\n\n\n\n<p>\u2022 Patent Portfolio: The company now holds 39 unique patents, with 16 granted and 23 pending, addressing areas such as digital ad fraud and predictive algorithms.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Corporate Rebranding<\/h2>\n\n\n\n<p>Affle (India) Limited has formally changed its corporate name to Affle 3i Limited, marking a strategic repositioning aligned with the company&#8217;s long-term growth framework. The rebranding is anchored in management&#8217;s &#8220;Affle 3i Vision,&#8221; which targets 10x growth over the next decade.<\/p>\n\n\n\n<p>The &#8220;3i&#8221; nomenclature reflects the company&#8217;s stated focus on three artificial intelligence pillars:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Authentic Intelligence<\/li>\n\n\n\n<li>Actionable Intelligence<\/li>\n\n\n\n<li>Augmented Intelligence.<\/li>\n<\/ul>\n\n\n\n<p>According to the company, this framework is intended to advance its offerings beyond rule-based automation toward AI-driven agent-led solutions aimed at improving customer outcomes and operational productivity.<\/p>\n\n\n\n<p>Alongside the parent entity, Affle has implemented a series of subsidiary-level branding and structural changes to align with the updated corporate identity.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Spain-based Mediasmart Mobile S.L. has been renamed Affle Iberia S.L.<\/li>\n\n\n\n<li>Devego S.A. has been rebranded as Jampp HQ S.A.<\/li>\n\n\n\n<li>In Southeast Asia, Appnext Pte. Ltd. was amalgamated with Affle International Pte. Ltd., effective October 1, 2025.<\/li>\n<\/ul>\n\n\n\n<p>The company has indicated that these changes are structural and branding-related in nature and do not alter the underlying business operations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Financial Performance<\/h2>\n\n\n\n<p>Affle 3i demonstrated margin expansion alongside its top-line growth during the third quarter:<\/p>\n\n\n\n<p>\u2022 Revenue: \u20b9717.5 crore, up 19.2% YoY.<\/p>\n\n\n\n<p>\u2022 EBITDA: \u20b9163.0 crore, an increase of 24.1% YoY.<\/p>\n\n\n\n<p>\u2022 EBITDA Margin: 22.7%, representing an 89-basis point expansion year-over-year.<\/p>\n\n\n\n<p>\u2022 Profit After Tax (PAT): \u20b9119.3 crore, up 19.1% YoY, despite a decrease in other income.<\/p>\n\n\n\n<p>\u2022 Nine-Month (9M) Context: For 9M FY2026, revenue stood at \u20b91,984.9 crore (up 19.3% YoY), while EBITDA reached \u20b9448.9 crore (up 28.5% YoY).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Business Outlook &amp; Strategy<\/h2>\n\n\n\n<p>Company intends to maintain a disciplined capital allocation strategy, supported by a strong balance sheet featuring \u20b91,541.7 crore in cash and liquid investments as of December 31, 2025. Operational priorities include continued investment in technology, talent, and AI-powered agents to enhance productivity across the connected ecosystem.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Sector Diversification<\/h2>\n\n\n\n<p>Affle&#8217;s revenue mix continues to be diversified across multiple high-growth industry verticals, grouped internally under categories E, F, G and H, encompassing e-commerce, entertainment, edtech, fintech, FMCG, food-tech, gaming, government services, groceries, health-tech, hospitality and travel.<\/p>\n\n\n\n<p>Growth during the period was geographically broad-based. India and other emerging markets contributed 73.9% of total revenue, while developed markets accounted for 26.1%.<\/p>\n\n\n\n<p>The company operates in a competitive digital advertising and mobile marketing landscape and is positioning its differentiated offerings around specialised iOS-focused growth platforms, including Jampp, which has received external industry recognition as a leading growth platform.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Investment Thesis: (Bull vs. Bear)<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Bull Thesis <\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Robust Cash Position: \u20b91,541.7 crore in liquid assets provides a significant buffer for acquisitions or R&amp;D.<\/li>\n\n\n\n<li>High Barrier to Entry: A growing portfolio of 39 patents in ad-fraud detection and AI targeting protects its technological edge.<\/li>\n\n\n\n<li>Outcome-Based Dominance: 99.5% revenue reliance on the CPCU model aligns with the industry shift toward measurable ROI.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Bear Thesis <\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Rising Operational Costs: Inventory and data costs rose 23.2% YoY in Q3, outstripping the 19.2% revenue growth rate.<\/li>\n\n\n\n<li>Other Income Volatility: Other income declined 16.2% in Q3 and 23.9% over the 9M period, impacting overall profit growth.<\/li>\n\n\n\n<li>Market Concentration: 73.9% of revenue is tied to India and Emerging Markets, leaving the company sensitive to regional economic shifts.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Affle 3i Limited (NSE: AFFLE)(formerly known as Affle (India) Limited) The global technology firm&#8217;s quarterly revenue surpassed the \u20b9700 crore threshold, supported by double-digit growth in its Cost Per Converted User (CPCU) segment. Operating margins expanded across major markets as the company integrated agentic AI capabilities into its mobile advertising platforms. Company reported a consolidated [&hellip;]<\/p>\n","protected":false},"author":2382,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,392],"tags":[14643,9041,15391,15392,8828,15384,10169,9175,14492,15385,15386,15387,15394,15390,15389,15393,10089,15388],"class_list":["post-178900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-earnings","tag-3q26-earnings","tag-advertising-agencies","tag-affle-3i-limited","tag-ai-driven-digital-advertising","tag-communication-services","tag-e-commerce-advertising","tag-earnings","tag-earnings-call","tag-financial-results","tag-fintech-digital-marketing","tag-gaming-advertising-platform","tag-healthtech-marketing-solutions","tag-ios-growth-platform","tag-jampp-hq-restructuring","tag-mediasmart-to-affle-iberia","tag-mobile-advertising-platform","tag-quarterly-earnings","tag-travel-and-hospitality-advertising"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":172859,"url":"https:\/\/alphastreet.com\/india\/affle-3i-q2-fy26-earnings-results\/","url_meta":{"origin":178900,"position":0},"title":"Affle 3i Q2 FY26 Earnings Results","author":"Divyansh_Kasana","date":"December 2, 2025","format":false,"excerpt":"Affle 3i Ltd, incorporated in 1994 as a global technology company with a proprietary consumer intelligence platform delivering AI-powered mobile advertising and consumer recommendations across 3.8+ billion devices, reported strong Q2FY26 results. Financial Highlights: Revenues increased 19.15% year-on-year to \u20b9647 crore from \u20b9543 crore, with record quarterly performance and CPCU\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Q2 FY26","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/12\/AF.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/12\/AF.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/12\/AF.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/12\/AF.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/12\/AF.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/12\/AF.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":146143,"url":"https:\/\/alphastreet.com\/india\/earnings-affle-india-limited-nse-affle-q4fy23-results-out-total-income-rises-8-yoy\/","url_meta":{"origin":178900,"position":1},"title":"Earnings | Affle India Limited (NSE: AFFLE): Q4FY23 Results Out; Total Income rises 8% YoY.","author":"Divyansh_Kasana","date":"May 15, 2023","format":false,"excerpt":"Affle India is a Singapore-based technology company that specializes in consumer intelligence and mobile advertising. With its proprietary consumer intelligence platform, the company enables targeted consumer acquisitions, engagements, and transactions through mobile advertising. Founded in 2005, Affle India expanded to the Indian market in 2006. The company leverages its expertise\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-24.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-24.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-24.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-24.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-24.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-24.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":170538,"url":"https:\/\/alphastreet.com\/india\/affle-3i-q1-fy26-earnings-results\/","url_meta":{"origin":178900,"position":2},"title":"Affle 3i Q1 FY26 Earnings Results","author":"Divyansh_Kasana","date":"August 25, 2025","format":false,"excerpt":"Affle 3i Ltd, incorporated in 1994, is a global technology leader with a proprietary consumer intelligence platform that transforms ads into personalized recommendations, empowering marketers to effectively identify, engage, acquire, and drive transactions with their potential and existing users. Presenting below its Q1 FY26 Earnings Results: Q1 FY26 Earnings Results\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"AFFLE Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AFFLE.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AFFLE.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AFFLE.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AFFLE.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AFFLE.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AFFLE.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":178901,"url":"https:\/\/alphastreet.com\/india\/affle-3i-q3-fy26-earnings-results\/","url_meta":{"origin":178900,"position":3},"title":"Affle 3i Q3 FY26 Earnings Results","author":"Divyansh_Kasana","date":"February 2, 2026","format":false,"excerpt":"Executive Summary Affle 3i Ltd reported Q3FY26 revenues of \u20b9717 crore, up 19.1% YoY, with consolidated net profit growing 19.0% to \u20b9119 crore. Total expenses increased 17.84% YoY to \u20b9588 crore, reflecting strong consumer intelligence platform performance across global ad markets. Revenue & Growth Revenues expanded to \u20b9717.00 crore in\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/A.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/A.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/A.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/A.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/A.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/A.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":127215,"url":"https:\/\/alphastreet.com\/india\/affle-india-ltd-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":178900,"position":4},"title":"Affle (India) Ltd Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"February 8, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=RVaAfpGFKgY Key highlights from Affle (India) Ltd (AFFLE) Q3 FY22 Earnings Concall Management Update: AFFLE said that in less than two years, the team has achieved more revenue in 3Q22 than the full year revenue of FY20 reported post IPO. For the nine-months, AFFLE surpassed the previous full year\u2019s cash\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":136567,"url":"https:\/\/alphastreet.com\/india\/affle-india-ltd-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":178900,"position":5},"title":"Affle (India) Ltd Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"November 11, 2022","format":false,"excerpt":"Key highlights from Affle (India) Ltd (AFFLE) Q2 FY23 Earnings Concall Management Update: [00:01:49] AFFLE said it closed 2Q23 with its highest quarterly revenue run rate, highest conversions and highest EBITDA, driven by the Affle 2.0 growth strategy, tech innovations and sustainable long-term value creation. Q&A Highlights: [00:10:24] Shobit Singhal\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2382"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=178900"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178900\/revisions"}],"predecessor-version":[{"id":178903,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178900\/revisions\/178903"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=178900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=178900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=178900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}