#applovin

#applovin

The move marks a turning point for AppLovin, best known for placing ads inside free-to-play mobile games like Wordscapes and Clockmaker. By rebranding its advertising platform around Axon, which is the name of the AI algorithm that powers its ad targeting, the company is positioning itself as a contender in the broader e-commerce advertising market, long dominated by behemoths like Meta and Google.

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.