AppLovin reported second-quarter revenue of $1.92 billion, up 52.82% year over year, and GAAP earnings per share of $3.76, topping the $3.75 consensus. Adjusted EBITDA margin expanded to 84%, and operating margin reached 75.75%, far exceeding Meta's 42% and Trade Desk's 15%. 24/7 Wall St. rates the stock a buy with a $548.60 price target, implying 31.31% upside from the current $417.80, and a 90% confidence level. The company guided third-quarter revenue to between $2.055 billion and $2.085 billion, signaling continued acceleration, while cash on the balance sheet jumped 156% to $3.05 billion and $551.3 million was spent on buybacks. Despite a 38% year-to-date decline and a narrow revenue miss against the $1.94 billion consensus, the analyst community remains overwhelmingly positive with 7 Strong Buys, 22 Buys, and a consensus target of $656.20.
Applovin CorpRevenue growth, EPS beat, buy rating, and price target
Meta Platforms Inc.
Trade Desk Inc