The mobile tech firm forecasts higher Q3 revenue driven by model-driven growth and increased compute spending.
AppLovin projected Q3 revenue between $2.055 billion and $2.085 billion, citing a reacceleration in model-driven performance and elevated compute investments. The outlook follows Q2 revenue of nearly $2 billion, slightly below the midpoint of prior guidance.
In Q2, adjusted EBITDA also fell short of the company’s target range. Management attributed the results to operational adjustments and higher spending on compute infrastructure to support growth initiatives.
The guidance reflects confidence in demand trends, though market reaction to the earnings call details remains pending.