AppLovin has shifted focus to advertising technology, leading to a surge in stock price. The company’s YTD return is at 42%, with a 500% increase over the past 12 months. Second-quarter results exceeded expectations with earnings of $2.26 per share and revenue of $1.26 billion. Net income rose by 156%, driven by strong performance in advertising technology. AppLovin also reported impressive financial metrics, including $1.02 billion in adjusted EBITDA and $1.2 billion in cash and equivalents. Analysts have shown optimism, with price targets indicating upside potential ranging from 4% to 26%.

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