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AppLovin Rallies on Q3 Beat, Upbeat Q4 Outlook and $3.2 Billion Buyback Increase

Results highlight momentum from the Axon advertising platform that management credits for the acceleration.

Overview

  • Revenue reached $1.41 billion and EPS came in at $2.45, topping estimates as sales rose 68% year over year.
  • Fourth-quarter guidance calls for $1.57–$1.60 billion in revenue and $1.29–$1.32 billion in adjusted EBITDA.
  • Operating margin expanded to 76.8% in Q3, with both operating and free cash flow reported at $1.05 billion.
  • The board lifted the share-repurchase authorization by $3.2 billion to $3.3 billion remaining after buying back $571 million in Q3.
  • Shares jumped roughly 6% in extended and pre-market trading, while an SEC probe into data-collection practices remains active.