AppLovin's Q1 2024 revenue hit $1.06 billion, up 50% YoY, with $678 million from the software platform, boosting the EBITDA to $549 million.
AXON model enhancements and expansion into non-gaming verticals, like web-based marketing, were vital for the company's Q1 success and growth trajectory.
AppLovin's confidence in its growth is reflected through a 20% reduction in shares outstanding via repurchases and the projected positive Q2 earnings.
The company's strategic focus on AI technology, web advertising, and performance-based advertising in mobile gaming and new sectors is outlined in the outlook.
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