The Indian stock market often witnesses sharp movements in technology-driven companies, especially those associated with artificial intelligence and digital advertising. One such company that has remained in focus among investors is Affle 3i Ltd. Recently, the Affle 3i share price attracted significant attention after the multibagger AI stock Affle 3i surged more than 3% despite a broader stock market crash.

The surge came after the company announced its Q3 FY26 financial results, which showed strong growth across several key metrics including revenue, EBITDA, and profit after tax. Over the past six years, Affle 3i has delivered more than 700% returns to investors, making it one of the most talked-about AI stocks in India.

Despite facing multiple industry challenges, including regulatory changes and rising operational costs, the company continues to show strong growth momentum. This has strengthened investor confidence and reinforced its position among India's top technology-driven digital advertising platforms.

Affle 3i Share Price Movement During Market Weakness

On February 27, 2026, the Affle 3i share price recorded a notable jump even as the broader market witnessed selling pressure. According to trading data, the stock opened at ₹1,330 per share on the National Stock Exchange.

During the day, the stock moved within a trading range, touching an intraday high of ₹1,385 while the intraday low stood at ₹1,321.10.

This price movement reflected strong investor interest in the multibagger AI stock Affle 3i, particularly after the company's positive earnings announcement earlier in the month.

Market participants observed that while several stocks declined due to weak market sentiment, technology-driven companies with strong earnings visibility managed to attract buying interest, and Affle 3i was among them.

Strong Q3 FY26 Financial Performance

A major reason behind the positive sentiment around Affle 3i share price news was the company's Q3 FY26 financial performance.

The company reported revenue of ₹718 crore, which represents a 19.2% year-on-year growth. On a sequential basis, revenue also increased by 10.9% compared to the previous quarter.

This strong performance marked the 11th consecutive quarter of sequential growth in both topline and EBITDA, reflecting consistent expansion in the company’s digital advertising business.

The company’s EBITDA stood at ₹163 crore, representing a 24.1% year-on-year increase and an 11.6% rise compared to the previous quarter.

Meanwhile, profit after tax (PAT) reached ₹119 crore, which was a 19.1% increase compared to the same quarter last year.

These numbers highlight the continued momentum in the company’s AI-powered consumer platform and mobile advertising business, which is the core driver behind the Affle 3i revenue growth news.

CPCU Revenue Growth

Another key indicator of performance is the Cost Per Converted User (CPCU) revenue, which represents the revenue generated through conversion-based digital advertising campaigns.

Affle 3i reported CPCU revenue of ₹714 crore, showing 19.6% year-on-year growth and a 12.9% quarter-on-quarter increase.

The CPCU model is a central part of the company’s business strategy. Instead of charging advertisers simply for displaying ads, the company focuses on conversion-driven marketing, where advertisers pay for actual consumer actions such as app downloads or purchases.

This performance demonstrates how the AI-powered advertising technology of Affle 3i continues to deliver measurable results for brands, which strengthens demand for its platform.

Performance Across Global Markets

The Affle 3i Q3 FY26 results also revealed strong growth across various geographic markets.

The company divides its revenue into two key segments:

1. India and Global Emerging Markets

2. Developed Markets

Revenue from India and emerging markets contributed 73.9% of the total revenue, reflecting the company’s strong presence in these regions.

This segment recorded 19.8% year-on-year growth and 11% quarter-on-quarter growth.

Meanwhile, developed markets contributed 26.1% of total revenue and showed 17.8% year-on-year growth and 10.9% quarterly growth.

These figures highlight the company’s expanding global footprint and growing demand for AI-driven advertising solutions across international markets.

Profitability and Margins

The company reported an EBITDA margin of 22.7% during Q3 FY26, indicating strong operational efficiency despite rising costs.

Over the nine-month period of FY26, Affle 3i generated operating cash flow of ₹254 crore.

This resulted in an OCF-to-PAT ratio of 75.8%, which reflects the company’s ability to convert profits into actual cash flow.

Strong cash generation is often viewed as a positive indicator for investors because it demonstrates financial sustainability and operational strength.

Challenges Faced by Affle 3i

Despite its strong growth trajectory, the company also acknowledged several challenges that could affect its performance.

One of the major factors impacting revenue was the regulatory changes related to real-money gaming in India.

The company stated that the full-quarter impact of gaming regulations had a negative effect on revenue performance.

The real-money gaming sector has been facing tightened regulatory scrutiny in India, which has affected advertising spending by companies operating in the segment.

Since gaming companies are significant advertisers in the mobile ecosystem, such regulatory developments can influence advertising demand and marketing budgets.

Rising Costs Impacting Margins

Another concern highlighted by the company was the increase in inventory and data costs.

These costs rose to 62.4%, which placed pressure on the company’s gross margins.

Digital advertising platforms rely heavily on data infrastructure, advertising inventory, and analytics technology, which can become expensive as companies expand globally.

The company stated that while these investments may temporarily impact profitability, they are essential for long-term business growth and platform scalability.

Investments in International Expansion

Affle 3i has also been investing heavily in data capabilities and advertising inventory across international markets.

These investments are aimed at strengthening the company’s position in the global digital advertising ecosystem.

The management believes that expanding internationally will create new revenue streams and long-term growth opportunities.

However, such expansion requires substantial capital investment, which could affect short-term profitability and margins.

Investors generally monitor these developments closely because international expansion strategies can significantly influence the long-term valuation of technology companies.

Cash Flow and Collection Challenges

The company also highlighted a temporary issue related to collection cycles from advertising agencies.

The increase in collection days from agencies affected the company’s cash conversion cycle, which in turn influenced the OCF-to-PAT ratio.

While the company stated that this impact is temporary, it remains an important factor for analysts evaluating the financial health of Affle 3i.

Efficient cash flow management is crucial for technology companies because they must continue investing in research, product development, and market expansion.

Global Economic and Geopolitical Risks

Affle 3i also warned that global economic uncertainties and geopolitical developments could affect future growth.

Digital advertising spending is often influenced by economic cycles and business confidence.

During periods of uncertainty, companies may reduce marketing budgets, which could affect demand for advertising technology platforms.

Therefore, geopolitical events and macroeconomic conditions remain key factors that could influence the future trajectory of Affle 3i share price news and AI stocks in India.

Technical Outlook for Affle 3i Share Price

Market experts have also shared technical insights on the Affle 3i share price target news India.

According to Angel One analyst Rajesh Bhosale, the stock’s daily chart pattern indicates a bullish engulfing formation.

This technical pattern is often considered a positive signal for short-term momentum.

If the Affle 3i share price sustains above ₹1,380, analysts believe that the stock may witness a short-term rally toward ₹1,480 levels.

However, the analyst also noted that ₹1,300 remains an important support level for the stock.

Investors typically watch such technical indicators closely while making short-term trading decisions.

Affle 3i as a Multibagger Stock

Over the past six years, Affle 3i has delivered more than 700% returns, making it one of the most prominent multibagger stocks in India’s technology sector.

A multibagger stock is generally defined as a stock that generates returns multiple times higher than the original investment.

The company’s strong performance has been driven by several factors, including:

• Rapid growth in digital advertising

• Increasing smartphone adoption globally

• Advancements in artificial intelligence

• Expansion into international markets

These trends have created significant opportunities for companies operating in AI-powered advertising and consumer intelligence platforms.

Future Outlook

Looking ahead, the long-term outlook for Affle 3i stock forecast largely depends on several factors.

These include the company’s ability to:

• Expand its global advertising platform

• Maintain strong revenue growth

• Manage operational costs effectively

• Navigate regulatory and economic challenges

As artificial intelligence continues to transform the global digital advertising industry, companies like Affle 3i are expected to play a major role in shaping the future of data-driven marketing and consumer engagement.

Conclusion

The recent surge in Affle 3i share price despite a weak market environment highlights the strong investor confidence in the company’s business model and growth potential.

With revenue reaching ₹718 crore, strong EBITDA growth, and consistent sequential expansion, the company continues to attract attention among investors looking for high-growth AI stocks in India.

Although challenges such as regulatory changes, rising costs, and global economic uncertainties remain, the company’s long-term strategy focused on international expansion and technology investment could help sustain its growth trajectory.

For now, the multibagger AI stock Affle 3i remains one of the most closely watched companies in the Indian stock market, especially among investors interested in technology-driven growth stories and digital advertising platforms.

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