"AppLovin reported a significant revenue jump of 77% to $1.26 billion in its recent quarter, exceeding analyst expectations of $1.22 billion, despite the sale of its Apps business. Adjusted EBITDA nearly doubled to $1.02 billion, indicating strong operational performance and profitability."
"The company completed the strategic sale of its Apps business for $400 million and 20% equity in Tripledot Studios, allowing it to refocus on its high-growth advertising segment."
"AppLovin reported a net income rise of 164% to $820 million, accompanied by an EPS increase from $0.89 to $2.39, showcasing an impressive financial turnaround and operational efficiency."
"Looking ahead, AppLovin guidance anticipates revenue between $1.32 billion and $1.34 billion, reflecting a projected growth rate of 59%, alongside a forecast of adjusted EBITDA margins around 81%."
AppLovin's recent quarter saw a remarkable revenue increase of 77% to $1.26 billion, surpassing expectations. The adjusted EBITDA nearly doubled to $1.02 billion, and net income rose by 164% to $820 million. The company completed the sale of its Apps business for $400 million, allowing it to focus more on its advertising segment. Guidance is optimistic, predicting revenue of $1.32 billion to $1.34 billion and adjusted EBITDA margins of 81%. A new self-serve e-commerce ad tool is also on the horizon, potentially enhancing growth prospects further.
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