Mobile Embrace announces 165% profit

Mobile Embrace announces 165% profit

Mobile marketing and commerce is proving ever more profitable for Mobile Embrace which is celebrating a successful financial year with a 165% increase in profit. 

Mobile Embrace enjoyed revenue of $12 million this financial year, up from $11.37 million last year, while m-payments (mobile commerce) showed a 53 per cent growth from the third to fourth quarter, up from $1.9 million to $2.9 million.

The business of mobile advertising saw a significant increase this financial year, up 88 per cent to $3 million from $1.6 million in 2012 and outdoing last year’s predictions of 46 per cent growth over the next five years.

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