Applovin Corp Stock Price, News & Analysis

AppLovin Corporation (NASDAQ: APP) reported strong financial results for Q2 2021, with revenue soaring 123% year-over-year to $669 million and Adjusted EBITDA tripling to $184 million. The Software Platform segment saw an impressive 256% increase in revenue to $146 million, driven by a robust 203% organic growth. The Apps business also performed well, growing 102% to $523 million. GAAP net income improved to $14 million, marking a significant recovery. AppLovin remains confident in its annual guidance and future growth opportunities.

AppLovin Corporation (NASDAQ: APP) will report its second quarter financial results on August 11, 2021, after U.S. market close. A live webcast and conference call will follow at 2:00 PM PT / 5:00 PM ET, featuring CEO Adam Foroughi and CFO Herald Chen discussing the results and business performance. The conference call can be accessed via telephone or through the company's website. The replay will be available until August 18, 2021.

AppLovin Corporation (NASDAQ: APP) announced that CEO Adam Foroughi and CFO Herald Chen will participate in a fireside chat at the William Blair Annual Growth Stock Conference on June 2 at 7:20 AM PT / 10:20 AM ET. A live webcast and replay will be accessible on AppLovin's investor relations website. AppLovin is a global technology platform that provides developers with integrated solutions to market, monetize, and analyze their apps, headquartered in Palo Alto, California.

AppLovin Corporation (NASDAQ: APP) announced that CEO Adam Foroughi will participate in a fireside chat at the J.P. Morgan Global Technology, Media and Communications Conference on May 26 at 2:55 PM PT / 5:55 PM ET. The event will be accessible via a live webcast and replay on AppLovin's investor relations website. AppLovin offers a comprehensive technology platform that helps developers market, monetize, analyze, and publish their applications, with headquarters in Palo Alto, California.

AppLovin Corporation (NASDAQ: APP) reported impressive financial results for Q1 2021, showcasing record revenue of $603.9 million, a 132% increase year-over-year. The company experienced 89% organic revenue growth, although it reported a net loss of $10.6 million compared to net income of $4.7 million in Q1 2020. Adjusted EBITDA reached $131 million, marking a 110% growth. AppLovin projects total revenue between $2.65 and $2.70 billion for fiscal 2021, anticipating around 83% growth.

AppLovin Corporation (NASDAQ: APP) will announce its first-quarter financial results on May 12, 2021, after the market closes. A conference call and webcast will follow at 2:00 PM PT / 5:00 PM ET, featuring insights from CEO Adam Foroughi and CFO Herald Chen. Investors can join the call by phone or access the live audio through AppLovin's investor website. A replay will be available until June 12, 2021. AppLovin provides a technology platform that helps mobile app developers market, monetize, and publish their apps.

Merge Villa, a new puzzle game from Lion Studios and 4Enjoy, brings a home-design adventure following a tsunami's destruction of a family villa. Players merge items to create tools, repair the villa, and decorate it with stylish furniture. The game is available for free on iOS and Android. Lion Studios, known for hits like Save The Girl and Mr Bullet, has successfully launched over 50 games in the last year, achieving numerous downloads. The collaboration between Lion Studios and 4Enjoy highlights their commitment to delivering a premium gaming experience.

AppLovin (Nasdaq: APP) has successfully completed its acquisition of Adjust, a mobile app measurement and marketing company, following necessary stockholder and regulatory approvals. Adjust will maintain its brand identity and operate independently. The acquisition provides AppLovin with strategic SaaS marketing solutions, enhancing its offerings for mobile app developers. Adjust's platform supports over 50,000 apps, including major brands like Tencent and SoundCloud, and adds a robust global team to AppLovin's capabilities in addressing the mobile app market.

AppLovin Corporation has successfully closed its initial public offering (IPO) of 25 million shares of Class A common stock. The offering includes 22.5 million shares from AppLovin and 2.5 million shares from KKR Denali Holdings L.P. AppLovin did not receive any proceeds from the KKR share sale. The company's Class A shares are listed on the Nasdaq under the symbol 'APP'. Major banks such as Morgan Stanley and J.P. Morgan acted as lead book-running managers. The registration statement for these securities has been declared effective by the SEC.