AppLovin reported a record earnings per share of $1.25 on sales of $1.2 billion in Q3, surpassing analyst expectations by significant margins.
Wedbush analyst Michael Pachter highlighted AppLovin's 'outsized revenue growth and incredible EBITDA conversion' after raising his price target for the stock.
The company's recent beta testing of an e-commerce solution indicates a strategic shift to diversify revenue sources beyond mobile gaming ads.
AppLovin's stock surged over 42% following strong earnings and sales growth, reflecting increasing investor confidence and analyst adjustments in price targets.
Collection
[
|
...
]