AppLovin Expects Q3 Total Revenue Of $1.115B - $1.135B, Est $1.103B
Portfolio Pulse from Benzinga Newsdesk
AppLovin has announced its Q3 revenue expectations to be between $1.115 billion and $1.135 billion, surpassing the estimated $1.103 billion. The company also projects an adjusted EBITDA of $630 million to $650 million with an adjusted EBITDA margin of 57%.
August 07, 2024 | 8:35 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
AppLovin's Q3 revenue expectations exceed estimates, projecting $1.115B to $1.135B compared to the estimated $1.103B. The company also forecasts an adjusted EBITDA of $630M to $650M with a 57% margin.
AppLovin's revenue and EBITDA projections surpassing estimates are likely to positively impact the stock price in the short term. The strong financial outlook indicates robust business performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100