"AppLovin's fortunes changed for the better when it introduced its artificial intelligence (AI) adtech platform Axon 2.0 back in 2023, and that momentum hasn't let up one bit. In the third quarter, its revenue soared 68% to $1.41 billion. The company also continues to improve its gross margins and lower its operating costs. In Q2, its gross margins improved to 87.6% from 85.5% a year ago, while it lowered its operating costs by 16%, including reducing its sales and marketing expenses by 23%."
"Earnings per share (EPS) from continuing operations nearly doubled from $1.25 a year ago to $2.45, while adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) soared 79% year over year to $1.16 billion. In the quarter, it generated $1.05 billion in both operating cash flow and free cash flow. It ended the quarter with $1.8 billion in net debt, down from $2.8 billion to start the year, following the sale of its app business."
AppLovin introduced the AI adtech platform Axon 2.0 in 2023, driving growth. Revenue rose 68% to $1.41 billion in Q3. Gross margins improved to 87.6% from 85.5%, while operating costs fell 16% and sales and marketing expenses fell 23%. EPS from continuing operations rose from $1.25 to $2.45, and adjusted EBITDA increased 79% to $1.16 billion. The company generated $1.05 billion in operating and free cash flow, reduced net debt to $1.8 billion, repurchased 1.3 million shares for $571 million, and increased buyback authorization by $3.2 billion. A new self-serve platform launched Oct. 1 has grown about 50% week over week.
Read at The Motley Fool
Unable to calculate read time
Collection
[
|
...
]