AppLovin reported third-quarter revenue growth of 55% to $2.185 billion and issued a fourth-quarter outlook that exceeded expectations, setting new revenue and adjusted EBITDA ranges.
The company forecast revenue of $2.365 billion to $2.395 billion and adjusted EBITDA of $1.995 billion to $2.025 billion for the fourth quarter. The outlook exceeded expectations overall.
AppLovin’s third-quarter results included adjusted EBITDA of $1.842 billion, up 59%, and net income of $1.439 billion, up 72%, according to the earnings release.
The company did not provide a GAAP comparison or reconciliation for its adjusted EBITDA forecast, citing uncertainty around items including stock-based compensation. Adjusted EBITDA is a non-GAAP measure.
