AppLovin Corporation (APP.US) shares skyrocketed by 46% to a record high of $245.1 after the mobile software company delivered exceptional third-quarter results and announced a $2 billion expansion of its share buyback program. The company reported revenue of $1.2 billion, surpassing analyst expectations of $1.13 billion, with particularly strong performance in its Software platform segment, which grew 66% year-over-year.
The company's earnings per share reached $1.25, significantly beating estimates of 94 cents, while generating impressive free cash flow of $545 million. AppLovin's success is largely attributed to improvements in its AXON machine-learning algorithm, which has enabled advertising partners to scale their spending more effectively.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appLooking forward, AppLovin projects fourth-quarter revenue between $1.24 billion and $1.26 billion, with adjusted EBITDA expected to range from $740 million to $760 million. The company is also expanding into e-commerce, with early pilot results exceeding internal expectations.
With $2.3 billion now available for share repurchases and continued AI-driven growth in its advertising network, AppLovin appears well-positioned for sustained momentum despite its already remarkable stock performance this year.
Source: xStation
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
