InMobi’s revenue grew 12% to Rs 432 crore, losses up 41% to Rs 77 crore

InMobi Technology Services Private Limited, reported its revenues for financial year 2019-20 as Rs 432 crore, a 12 per cent jump since the last financial year. The company further reported a net loss of Rs 77 crore during the same fiscal. This is 41 per cent increase from the last financial year, showed regulatory documents sourced from business intelligence platform Tofler. The Bengaluru-based mobile ad network’s total expenses for the fiscal were reported as Rs 508 crore.

The ‘foreign exchange earnings’ for the firm was Rs 222 crore compared to Rs 240 crore in the previous financial year. The operations of the company comprise export revenue contributing to approximately 54 per cent compared to 63 per cent in the previous financial year.