The news: AppLovin emerged as a standout success story in Q3, transforming itself from a mobile gaming company into a leading force in AI-driven advertising technology powered by its innovative Axon engine.
By the numbers:
- Overall revenues: Reaching $1.2 billion, they represent a 39% year-over-year increase, surpassing analyst estimates of $1.13 billion.
- Software platform growth: Revenues surged 66% YoY to $835 million in Q3, primarily driven by Axon's success.