AppLovin Q3 Revenue Jumps 55% to Record $2.18B as AXON Ad AI Lifts Net Income 72%
Summary
AppLovin posted record Q3 revenue of $2.18B, up 55% YoY and above the $2.07B consensus, with net income growing 72% to $1.44B at an 84% adjusted EBITDA margin on the back of its AXON AI ad-targeting engine. The company guided Q4 revenue to $2.365B-$2.395B, above Street, and APP rallied 20%+ after hours. EPS of $4.30 topped the $4.03 estimate.
Originally reported by sec.gov
Read the original article →Original headline: AppLovin Q3 Revenue Jumps 55% to Record $2.18B as AXON Ad AI Lifts Net Income 72%