This Year’s Best Growth Stock Isn’t What You Think It Is

In Q3, total revenue increased 68% year-on-year (YoY) to $1.4 billion, owing mostly to model upgrades in the core gaming sector. Adjusted EBITDA was $1.16 billion, up 79% YoY, with an outstanding margin of 82%. Net income rose 92% to $836 million. Core models delivered multiple incremental improvements, and the company’s Max supply-side platform continued to grow at very healthy rates. In the quarter, international expansion also advanced faster than expected. The company extended foreign traffic to adverti ...