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.