AppLovin has seen a monumental surge this year, with its stock price increasing by approximately 628% due to the successful introduction of its Axon 2 AI technology.
The Axon 2 platform has propelled AppLovin’s growth, contributing to a 66% increase in software platform revenue, which reached $835 million this quarter.
Earnings per share surged to $1.25 from $0.30 last year, showing significant financial improvement and reflecting the effect of operational efficiencies and cost optimizations.
Despite reducing sales and marketing spend by 3%, the company still experienced a remarkable revenue increase of 39%, showcasing strong operating leverage and business efficiency.
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