AppLovin earnings show AI advertising is still in early innings
AppLovin (APP) shares surged on Thursday after the company delivered another quarter of “eye-catching” growth, but the real story extends far beyond a revenue or earnings beat. Record results, stronger-than-expected guidance, and a fresh vote of confidence from RBC Capital suggest investors may be witnessing something more significant: the emergence of a scaled AI advertising platform that is still finding new avenues for growth. AppLovin reported third-quarter revenue of $2.19 billion, up 55% year over year, while adjusted EBITDA climbed 59% to $1.84...