AppLovin delivered a robust Q3 with revenues of $1.405 billion, up 68% year-over-year, bolstered by strong performance in gaming advertising and a successful early launch of its self-service platform.
- Adjusted EBITDA reached $1.158 billion, reflecting a margin of 82%, with free cash flow up 92% year-over-year to $1.049 billion.
- Significant share repurchase activity, with 1.3 million shares bought for $571 million and a new $3.2 billion authorization announced.
- Anticipated Q4 revenue guidance of $1.570 billion to $1.6 billion, indicating 12% to 14% sequential growth, backed by strong execution and operational momentum.
- Early traction from the self-service platform shows promising 50% week-over-week spend growth among new advertisers.
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