ExpansionManagement spent time on the call discussing its expansion opportunities beyond mobile games - this is starting to take shape as AppLovin increasingly works with e-commerce web owners to shift their marketing spending to in-app.
GrowthAppLovin expects to grow at a 20-30% y/y rate for multiple years, based solely on the mobile gaming end-market opportunity.
PerformanceAdjusted EBITDA of $601 million was comfortably above the high end of the guidance range of $550 – 570 million, with a margin of 56% beating the guided range of 52 – 53%.