#applovin

#applovin

AppLovin develops ad tech software with a focus on mobile and connected TV campaigns, recently expanding into e-commerce advertising, highlighting growth opportunities.

AppLovin reported a significant revenue jump of 77% to $1.26 billion in its recent quarter, exceeding analyst expectations of $1.22 billion, despite the sale of its Apps business. Adjusted EBITDA nearly doubled to $1.02 billion, indicating strong operational performance and profitability.

AppLovin's revenue surged 77% to $1.26 billion, surpassing analyst expectations, with revenue per installation rising 70% and installations increasing by 8%.

AppLovin Corp.'s share price fell over 35% after hitting $525.15 in February but is now 53.9% higher than 90 days ago and 356.6% higher than last year.

Citi's note today clearly gave the stock a boost. The bank reaffirmed AppLovin as a top pick heading into its second-quarter results, saying that it expects the company's results to be toward the high end of its guidance range.

AppLovin's stock price has surged 613.9% since going public in 2021, fueled by its AI-powered advertising solutions and expansion into e-commerce advertising.

We're a $100 billion-plus company, not many people know of us, so that's probably a flaw on me.