AppLovin CEO sees benefits from Apple-Epic fallout as stock pops on earnings
AppLovin shares resumed their historic rally on Thursday after the ad-tech company reported better-than-expected earnings for the second quarter. The stock popped 12% and is now up 35% for the year after soaring more than eightfold in 2024. Wall Street has piled into the company due to its growth from artificial intelligence technology that's given advertisers more ways to target users in mobile games. CEO Adam Foroughi suggested on the earnings call that another wave of growth is likely on