AppLovin reported a remarkable 77% rise in revenue to $1.26 billion, exceeding analyst estimates. Revenue per installation increased by 70% as installations grew by 8%. Adjusted EBITDA nearly doubled to $1.02 billion, and net income rose significantly by 164% to $820 million. The company’s earnings per share climbed to $2.39. Management forecasts revenue between $1.32 billion to $1.34 billion and an adjusted EBITDA margin of 81%. The planned launch of a self-serve feature for the e-commerce platform is expected to further fuel growth.
AppLovin's revenue surged 77% to $1.26 billion, surpassing analyst expectations, with revenue per installation rising 70% and installations increasing by 8%.
Adjusted EBITDA nearly doubled to $1.02 billion, and net income soared 164% to $820 million, with earnings per share climbing from $0.89 to $2.39.
Management expects revenue between $1.32 billion to $1.34 billion, forecasting 59% growth and an adjusted EBITDA margin of 81%, post Apps sale.
The new self-serve feature for the e-commerce platform is anticipated to further accelerate AppLovin's growth, with the stock priced at a forward PE ratio of 44.
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