AppLovin's revenue surged 77% to $1.26 billion, surpassing analyst expectations, with revenue per installation rising 70% and installations increasing by 8%.
Report: US smartphone market worst hit by Trump tariffs
"Analyst Counterpoint Research revised its global smartphone shipment forecast for 2025 on Wednesday, moving the needle down to 1.9 percent year-over-year growth from a previously forecast 4.2 percent."