Applovin's stock price surged more than 8% following impressive first-quarter financial results, where it reported a revenue of $1.48 billion, a 40% increase year-over-year, surpassing estimates. Strong growth in the advertising segment, posting a 71% revenue increase, contributed significantly. The company also reported a free cash flow of $826 million, marking 19% growth from the previous quarter. Guidance for Q2 anticipates continued strong revenue and EBITDA. Analysts maintain bullish projections for the stock, highlighting a robust future growth trajectory in ad revenues.
CFO Stumpf says second-quarter advertising revenue will range from $1.195 million to $1.215 million, suggesting continued robust performance for AppLovin.
Despite highly impressive 71% y/y ad revenue growth, Jefferies analysts believe the fastest growth still lies ahead for AppLovin.
Collection
[
|
...
]