The financial statement of ironSource, a mobile business platform that is frequently on the agenda with the news of acquisitions, has been announced. The company’s revenues increased 67% to $553 million during 2021. According to the report published by the company, 4th quarter revenues also showed a significant increase, similar to annual revenues.
The company’s adjusted EBITDA (adjusted EBITDA) increased 87% year-on-year and was announced as $194 million. A similar picture is also seen in the company’s 4th quarter financial data. Revenues for Q4 were up 46% year-over-year to $158 million. Adjusted EBITDA for the last quarter of the year increased 76 percent year-on-year.
In the report of ironSource, it was announced that 358 customers provided the majority of the revenues for the fourth quarter of 2021. The company’s annual net cash flow was reported as $782 million. IronSource Co-Founder and CEO Tomer Bar-Zeev predicted company revenues would increase and said:
“We have worked hard to further cement our market leadership position in 2021, and are excited about the significant near- and long-term growth opportunities in our total addressable market as we look at the years ahead.”
Tomer Bar-Zeev used the following sentences while explaining the vision of the company:
“We will work to increase our penetration in apps beyond games as those publishers look to adopt the monetization and marketing playbook used by mobile games to boost profitability. We will also continue to enhance and expand the overall set of solutions we offer our customers, such as with our cross-channel marketing solution, to increase our share of wallet.”
This increase in revenues is not surprising for ironSource. In 2022, the company’s revenues are expected to increase. According to the company’s forecasts, revenue growth for this year will be around 45%, reaching $790 to $820 million.
