Applovin(US:APP) ZACKSยท2024-11-07 01:36Core Insights - AppLovin reported $1.2 billion in revenue for Q3 2024, a year-over-year increase of 38.6% [1] - The EPS for the same period was $1.25, compared to $0.30 a year ago, indicating significant growth [1] - The revenue exceeded the Zacks Consensus Estimate of $1.13 billion by 6.01%, and the EPS surpassed the consensus estimate of $0.95 by 31.58% [1] Financial Performance Metrics - Average Revenue Per Monthly Active Payer was $52, slightly below the average estimate of $52.24 [3] - Monthly Active Payers remained stable at 1.6 million, matching the average estimate [3] - Revenue from the Software Platform was $835.19 million, exceeding the average estimate of $763.44 million, with a year-over-year increase of 65.6% [3] - Revenue from Apps was $363.05 million, slightly below the average estimate of $367.72 million, with a year-over-year change of 0.9% [3] - Revenue from In-App Purchases was $246.34 million, slightly below the estimated $248.93 million, representing a year-over-year decrease of 0.4% [3] - Revenue from In-App Advertising was $116.71 million, slightly below the estimated $118.21 million, with a year-over-year increase of 3.7% [3] - Segment Adjusted EBITDA for Apps was $68.22 million, below the average estimate of $83.17 million [3] - Segment Adjusted EBITDA for the Software Platform was $653.40 million, exceeding the average estimate of $559.26 million [3] Stock Performance - AppLovin shares have returned 15.1% over the past month, outperforming the Zacks S&P 500 composite's 0.7% change [4] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [4]