AppLovin Corp Ordinary Shares - Class A

APP: XNAS (USA)
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AppLovin Earnings: Black Box Optimizer Aims for Large Market; Increasing FVE to $360 From $307

AppLovin's second-quarter earnings came in 4% above management's midpoint expectations for advertising revenue, culminating in impressive 77% year-over-year growth. It also met 81% adjusted EBITDA margin expectations and finalized the divestment of its gaming production business.

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