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Driven by AI, Applovin’s Q3 revenues hit $1.2 billion with 66% in platform growth

Article by Jeremy Goldman  |  Nov 12, 2024
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Driven by AI, Applovin’s Q3 revenues hit $1.2 billion with 66% in platform growth
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Topics
Artificial Intelligence (AI)
Mobile Apps
Mobile Ad Spending
United States

The news: AppLovin emerged as a standout success story in Q3, transforming itself from a mobile gaming company into a leading force in AI-driven advertising technology powered by its innovative Axon engine.

By the numbers:

  • Overall revenues: Reaching $1.2 billion, they represent a 39% year-over-year increase, surpassing analyst estimates of $1.13 billion.
  • Software platform growth: Revenues surged 66% YoY to $835 million in Q3, primarily driven by Axon's success.

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