AppLovin Q3 Revenue Rises 55% to $2.18B, Beating Guidance by $100M
· 1h ago · Originally reported by BigGo Finance
AppLovin reported Q3 revenue of $2.18 billion, up 55% year over year and roughly $100 million above its own guidance. The company attributed the acceleration in part to its gaming advertising business, which reportedly re-accelerated to about 50% growth.
Why it matters
AppLovin is one of the largest players in mobile app advertising, so its results are a key signal for the health of the programmatic and in-app ad market.
Explain it like I’m new here
It's like a lemonade stand that sold way more lemonade than even its own optimistic forecast predicted.
Read the original at BigGo Finance
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