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Brandon Ross, LightShed partner, joins 'Closing Bell Overtime' to talk Unity Software and TakeTwo Interactive earnings.
AppLovin shares added almost 10% after the mobile technology firm reported higher than expected profits for the second quarter. Earnings per share were $0.89, ahead of estimates of $0.74.
The headline numbers for AppLovin (APP) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
AppLovin Corporation (NASDAQ:APP ) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants David Hsiao - Head of IR Adam Foroughi - Chairman, Co-Founder & CEO Matt Stumpf - CFO Conference Call Participants Jason Bazinet - Citi Clark Lampen - BTIG James Heaney - Jefferies Omar Dessouky - BofA Vasily Karasyov - Cannonball Matt Cost - Morgan Stanley Martin Yang - OpCo David Hsiao Welcome to the AppLovin Earnings Call for the Second Quarter Ended June 30, 2024. I'm David Hsiao, Head of Investor Relations.
AppLovin (APP) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.22 per share a year ago.
Mobile app marketing platform AppLovin beat Wall Street's earnings target on in-line sales for the second quarter.
Growth stocks may not be the first thing on your mind right now, and I get it. Most growth plays are tied to tech or software, sectors that have faced immense pressure amid recession fears and a brutal tech selloff sparked by Big Tech's disappointing results.
PALO ALTO, Calif.--(BUSINESS WIRE)--Wurl, a leader in the CTV industry, today published A Full-Funnel Approach to CTV Marketing 2024 – a new report developed in partnership with parent company, AppLovin (NASDAQ: APP), a leading marketing platform, and measurement and analytics company, Adjust. The in-depth guide looks at the evolving CTV (connected TV) landscape and its growing influence on both brand and performance marketing strategies. Wurl's latest report comes as the CTV industry is experi.
AppLovin's (APP) second-quarter 2024 earnings and revenues are likely to increase year over year.
AppLovin Corp. will report earnings on August 7th after markets close, and is expected to continue showcasing strong growth amidst its AI-driven turnaround. Despite a mixed ad spend landscape, AppLovin is positioned for growth with high-margin products and strong earnings growth. Valuation indicates potential upside for AppLovin, with expectations of at least 20% top-line growth through FY25 and a conservative valuation multiple.