AppLovin Revenue Jumps 55.5% and the Stock Adds 25%

AppLovin reported third-quarter revenue of $2.18 billion on 5 November, up 55.5% year on year and roughly 5.4% ahead of consensus, with adjusted EBITDA of $1.84 billion at an 84.3% margin, GAAP earnings per share of $4.30 and free cash flow near $1.4 billion. Fourth-quarter guidance of $2.38 billion at the midpoint came in above expectations, and the buyback authorisation was expanded to $3.6 billion. The shares added 24.9% in a single session, which is the detail worth keeping: at that price, the next quarter has almost no room to disappoint.