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Affle 3i (AFFLE) investor relations material

Affle 3i Q3 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 25/26 earnings summary2 Feb, 2026

Executive summary

  • Achieved record quarterly revenue of INR 7.18 billion, up 19.2% year-on-year and 10.9% quarter-on-quarter, with highest ever EBITDA and profit after tax, driven by the CPCU business model and broad-based market expansion.

  • Delivered 11th consecutive quarter of sequential top-line and EBITDA growth, and 7th consecutive quarter of EBITDA margin expansion.

  • India and global emerging markets contributed 73.9% of revenue, growing 19.8% year-on-year; developed markets grew 17.8% year-on-year.

  • Technology-led differentiation and AI-driven innovation, including the Niko AI engine and new agentic capabilities, drove campaign optimization and customer value.

  • Expanded leadership with new CEO for North America and internal promotion for COO in India and emerging markets.

Financial highlights

  • Q3 FY26 consolidated revenue: INR 7,175 million, up 19.2% year-on-year and 10.9% sequentially; EBITDA: INR 1,630 million, up 24.1% year-on-year; PAT: INR 1,193 million, up 19.1% year-on-year.

  • Nine months FY26 consolidated revenue: INR 19,849 million, up 19.3% year-on-year; EBITDA: INR 4,489 million, up 28.5% year-on-year; PAT: INR 3,353 million, up 20.3% year-on-year.

  • EBITDA margin improved to 22.7% in Q3 FY26; PAT margin stable at 16.2%.

  • Operating cash flow for nine months: INR 4,260 million; OCF to PAT ratio at 75.8%.

  • Standalone Q3 revenue: INR 2,262.02 million; standalone Q3 net profit: INR 366.77 million.

Outlook and guidance

  • Management targets 20%-25% annual growth in both revenue and EBITDA, with continued margin expansion and decadal 10x growth ambition.

  • Q4 expected to be resilient, with potential to match or exceed Q3 performance, barring major geopolitical disruptions.

  • Continued investments in technology, AI, and international market verticalization to drive future growth.

  • No material impact from new Indian Labour Codes for the reported period; ongoing monitoring continues.

Plan for unutilized QIP/preferential funds
Update on Bobble investment inspection rights
Rationale for recent subsidiary changes
How will future M&A differ from past playbook?
How does AI shift ad inventory & user behavior?
Future trend of data/inventory investment cost?
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Frequently asked questions

Affle (India) Limited is a mobile marketing and advertising technology company. It offers consumer intelligence-driven platforms that enable targeted digital advertising and conversion tracking for marketers and app developers. The company is headquartered in Gurugram, India, and its shares are listed on the NSE.

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