Taptica sees FY adjusted EBITDA beating views

9th Nov 2016 11:56

(ShareCast News) - Mobile advertising platform Taptica reckons its full-year adjusted EBITDA will come in at about $22.5m, significantly higher than market views and up more than 200% on the year.It said it had benefitted from significant uplift from mobile advertising and some positive seasonal trading in territories such as the US and Asia-Pacific.However, Taptica cautioned there remained "uncertainty as to the growth trajectory in some of these markets into next year as the mobile advertising market enters a new phase of maturity."For full-year 2016, the company expected to book revenues ahead of market expectations at about $120m, or up more than 55% on the year.At about 11:45 GMT, shares in Taptica were up 10.17% to 162.5p.