AppLovin Corp Ordinary Shares - Class A

APP: XNAS (USA)
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AppLovin Earnings: AI Advertising Platform Growing Rapidly and Profitably; Valuation Raised

AppLovin is trading higher after third-quarter advertising revenue came in 6% above the midpoint of management's expectations, equal to impressive 68% year-over-year growth. The adjusted EBITDA margin also beat management's forecast of 81% by 1 percentage point.

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