AppLovin (APP) reported revenue of $1.08 billion for the quarter ending June 2024, up 44% year over year. Earnings per share of $0.89 for the same period compares to $0.22 a year ago.
Reported revenue represents a surprise of +0.13% versus the Zacks Consensus Estimate of $1.08 billion. With a consensus earnings per share estimate of $0.77, the EPS surprise was +15.58%.
While investors closely examine year-over-year revenue and earnings changes versus Wall Street expectations to determine their next moves, some key metrics always provide a more accurate picture of a company’s financial health.
Since these key figures influence sales and profit development, investors can estimate the price development of a share more precisely by comparing it with previous year figures and analysts’ estimates.
Here’s how AppLovin performed in the just-released quarter in terms of the metrics most frequently watched and forecasted by Wall Street analysts:
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Revenue software platform
: $711.02 million versus the average estimate of six analysts of $690.33 million. The reported figure represents a year-over-year change of +75.1%.
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Revenue – Apps
: $369.10 million compared to the average estimate of $372.63 million based on six analysts. The reported figure represents a year-over-year change of +7.3%.
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Revenue – In-App Purchases
: $250.57 million versus the average estimate of five analysts of $252.47 million. The reported figure represents a year-over-year change of +7.3%.
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Revenue – In-App Advertising
: $118.53 million compared to the average estimate of $118.97 million based on five analysts. The reported figure represents a year-over-year change of +7.3%.
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Adjusted EBITDA of the segment – Apps
: $80.71 million versus $64.78 million estimated by two analysts on average.
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Segment-adjusted EBITDA – Software Platform
: $520.48 million versus the average estimate of two analysts of $507.34 million.
You can find all important company figures for AppLovin here>>>
AppLovin shares have returned -18.6% over the past month versus a change of -5.9% for the Zacks S&P 500 Composite. The stock currently has a Zacks Rank #3 (Hold), suggesting it could perform in line with the broader market in the near future.
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