AppLovin CEO Adam Foroughi led the company to a record-breaking rally after second-quarter earnings beat expectations, with shares up 34% for the year and 800% in 2024. The ad-tech company’s growth from AI technology attracted Wall Street investors, anticipating further growth amid the legal battle between Apple and Epic Games.

Apple’s legal saga with Epic Games could fuel AppLovin’s future growth, according to Foroughi. The court’s findings against Apple and changes to its App Store policies could disrupt how gaming companies acquire users, benefitting ad platforms like AppLovin in the long run.

AppLovin’s recent earnings report showed impressive results, with net income doubling and revenue soaring 77% to $1.26 billion, exceeding analysts’ estimates. While AppLovin’s stock has been a favorite on Wall Street, some firms have criticized the company’s ad tactics and technology, raising concerns about breaking app store rules.

Despite criticism, analysts at Wedbush remain optimistic about AppLovin’s future, believing the fallout from the Apple-Epic case will boost the company next year. Foroughi defended AppLovin against short-sellers and expressed confidence in the company’s technology and practices, aiming to dispel false claims and maintain the company’s success.

Read more at CNBC: AppLovin stock pops 11%. CEO sees benefits from Apple-Epic fallout