根据公司官网信息，InMobi于2007年在印度孟买成立，总部位于新加坡;在获得软银大规模投资之后， 2011年达到初创公司"独角兽"地位。该初创公司的其他机构投资者或者大型投资者包括Kleiner Perkins 以及Sherpalo Ventures等等。 有媒体援引知情人士透露的消息报道，传奇投资人孙正义掌舵的软银集团(SoftBank Group Corp.)斥资支 持的印度"AI+移动广告"公司InMobi Group正在为其计划在印度股市进行的首次公开募股(IPO)做准备， 正寻求一笔高达3.5亿美元的私人贷款资助。 知情人士表示，部分贷款收益将用于回购软银以及公司其他股权持有者所持有的部分股份。其余资金将 用于InMobi在印度市场IPO之前的资本扩张以及市场份额扩张需求，其中包括战略性的大型收购，这些 知情人士补充表示。 这些知情人士称，有关私人贷款的谈判仍在进行中，计划仍可能发生变化。InMobi的一名代表则不予置 评。 近年来，印度企业们对于私人债务的需求激增，部分是由印度总理纳伦德拉·莫迪主导的基建推动所带 动，同时也因新公司寻求在不断增长的印度市场持续扩大业务覆盖面积。根据安永(EY) ...

Core Viewpoint - Applovin has reported strong Q2 2025 earnings, driven by its AI advertising engine AXON, surpassing Wall Street expectations, and the stock has risen 20% year-to-date, outperforming the S&P 500 index [1][2][5]. Financial Performance - Applovin's adjusted EPS for Q2 was $2.39, exceeding the expected $2.32, while GAAP EPS was $2.28, above the anticipated $1.98. The net income reached $820 million, a 164% increase [2][3]. - Total revenue for Q2 was $1.26 billion, surpassing the expected $1.22 billion, with a year-over-year growth of 17%. Excluding the sold gaming business, revenue from advertising grew by 77% [2][3]. - Adjusted EBITDA for Q2 was $1.02 billion, reflecting a 99% year-over-year increase [2][3]. Future Outlook - Applovin anticipates Q3 revenue between $1.32 billion and $1.34 billion, with the midpoint exceeding Wall Street's expectation of $1.31 billion [3][4]. Strategic Focus - The company sold its mobile gaming business for $400 million to focus on its core "AI + digital advertising" marketing platform, allowing it to concentrate on significant growth opportunities [4][5]. - Applovin's AXON 2.0 engine utilizes deep learning and real-time bidding to optimize ad placements, significantly contributing to revenue and profit growth [6][7]. Market Context - Despite strong earnings, Applovin's stock fell over 6% post-announcement, indicating market skepticism regarding the sustainability of its growth compared to Meta's performance [5][6]. - UBS has highlighted "AI + digital advertising" as a highly certain investment area, recommending Applovin and The Trade Desk as key stocks to consider [7][8]. Industry Trends - The integration of AI in digital advertising is accelerating, with major players like Google and Meta adopting generative AI technologies to enhance ad efficiency and user engagement [8][9]. - The demand for AI applications in advertising is expected to grow, driven by the need for improved operational efficiency and cost reduction across industries [10][11].

Applovin业绩数据显示，截至6月30日的季度，专注于APP营销软件的数字广告营销平台Applovin报告调整后的每股收益为2.39美元，而华尔街分析师们平均 预期约2.32美元。按美国通用会计准则(GAAP)计算的每股收益为2.28 美元，也高于1.98美元的华尔街平均预期。GAAP准则下，Applovin第二季度净利润高 达8.20亿美元，实现164%猛烈增幅。 更重要的是，Applovin第二季度营收总计实现12.6亿美元，超越华尔街平均预期的约12.2 亿美元，实现同比增长17%。如果不计入该公司已经出售的游戏业 务，AppLovin凭借强劲的广告业务在第二季度的整体销售额则实现同比大幅增长77%。该公司Q2调整后的EBITDA实现10.18亿美元，同比大幅增长99%。 | (In millions, except percentages) Quarter Ended June 30, | | | | | Six Months Ende | | | --- | --- | --- | --- | --- | --- | --- | | | | 2025 | 2024 | % Change | 20 ...

Group 1 - UBS highlights the upcoming earnings season for small and mid-cap companies focused on AI application software, recommending increased allocation to Applovin (APP.US) and The Trade Desk (TTD.US) as leaders in the "AI + digital advertising" segment [1][2] - The report emphasizes that small-cap stocks are currently more attractive compared to large-cap stocks, with the Russell 2000 index's expected P/E ratio around 15x, below historical averages [2][3] - UBS expects several small-cap AI application software companies to provide positive earnings guidance, with Applovin and The Trade Desk anticipated to exceed market expectations for Q3 [3][4] Group 2 - The integration of AI in digital advertising has accelerated since the rise of ChatGPT, with major players like Google and Meta incorporating generative AI technologies to enhance ad performance [4][5] - UBS notes that the shift in focus from hardware to software in tech investments is benefiting companies like Applovin and The Trade Desk, as demand for AI application software continues to grow [5][6] - UBS maintains an optimistic outlook on Applovin's performance, raising its Q2 2025 revenue forecast to $867 million, reflecting positive trends from App Store advertising policies and strong growth in its self-operated app business [7][8] Group 3 - The Trade Desk is also viewed positively by UBS, with expectations for steady growth in Q2, driven by its "AI + digital advertising" platform and upcoming events that could catalyze further performance [7][8] - Both companies have successfully integrated generative AI and deep learning into their advertising technologies, leading to significant revenue growth and improved operational efficiency [8]

Core Insights - UBS predicts a strong "U-shaped recovery" in the global digital advertising market driven by AI technology over the next 3-5 years [1][2] - The digital advertising budget growth forecast for 2025 has been raised from 9.3% to 11.0%, indicating a return to early-year levels [1][5] - AI integration in advertising is becoming a central theme, with companies like Google and Meta rapidly adopting generative AI technologies [6][7] Group 1: Market Trends - The digital advertising market is expected to experience a significant rebound in the second half of the year, with a potential "budget flush" as advertisers aim to utilize their annual budgets [1][2] - AI-driven advertising tools are anticipated to enhance efficiency and effectiveness, leading to increased ad spending [2][10] - UBS highlights that the integration of AI in advertising will improve targeting precision and conversion rates, thus driving higher ROI for advertisers [6][7] Group 2: Company Performance - Meta and The Trade Desk are identified as top picks in the digital advertising space, with UBS giving both companies a "buy" rating and setting target prices significantly above current trading levels [5][16] - Meta's AI tools, such as Advantage+, are expected to lower customer acquisition costs by 10%-25% and enhance ad performance [10][12] - The Trade Desk's Kokai platform is noted for its ability to optimize ad spending and improve conversion rates, particularly in connected TV advertising [11][16] Group 3: Competitive Landscape - Companies that master cutting-edge AI technologies, like Google and Meta, are likely to lead in launching new digital advertising products and capturing more advertiser budgets [7][9] - The competitive landscape is expected to shift as AI capabilities evolve, with regulatory scrutiny also posing challenges for major players [7][9] - UBS maintains a cautious stance on Alphabet (Google), citing uncertainties in growth prospects due to regulatory challenges and competition from AI-driven search innovations [17]