Mobile Ad Exchange MoPub Says It Reached A $100M Revenue Run Rate In May

MoPub, a startup that helps mobile app publishers run advertising from multiple sources (such as ad networks, direct sales and cross-promotion), says that it reached a $100 million revenue run rate this month. MoPub is now conducting 2 billion ad auctions each day and reaching more than 550 million unique devices each month, the company says. The MoPub exchange launched 18 months ago, and CEO Jim Payne said that the company hit an "inflection point" in the past four to six months, with "astonishing" growth since the end of last year ? revenue is up 3x compared to the fourth quarter of 2012, he said.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/9R7gf6DY6RI/

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