AppLovin Stock Jumps 30% Following Q2 Report
<p><a href='https://financialmodelingprep.com/financial-summary/APP'>AppLovin (NASDAQ:APP)</a> saw its shares skyrocket by more than 30% intra-day today after posting its Q2 results.</p>
<p>The company outperformed predictions with an EPS of $0.22, surpassing the Street estimate of $0.08. Despite a 3% year-over-year decline, revenue reached $750 million, exceeding the Street estimate of $723.97 million. Notably, the Software Platform division experienced substantial growth, surging 28% year-over-year to reach $406 million—a quarterly record. This rise was fueled by AI advancements integrated into AXON, which led to increased installations and higher revenue per installation compared to the previous quarter. </p>
<p>Looking ahead to Q3, AppLovin anticipates revenue in the $780-$800 million range, surpassing the Street estimate of $741.41 million. </p>

NASDAQ:APP