Applovin Profit Jumps 72% on Ad Engine

AppLovin posted third-quarter revenue of $2.18 billion, up 55% from a year earlier, while net income grew even faster to $1.44 billion, a 72% jump that pushed its net margin to 66%. Diluted earnings per share rose to $4.30 from $2.45 in the same quarter last year. The company also raised its fourth-quarter revenue guidance to a range of $2.37 billion to $2.4 billion, a sign its AI-driven mobile ad engine keeps outgrowing its own cost base. Shares of $APP jumped in after-hours trading following the report.