Applovin Stock Up 600% In 2024, Joins Nasdaq-100 Index Monday
Applovin Stock Up 600% In 2024, Joins Nasdaq-100 Index Monday
The company reported 39% total revenue growth year-over-year with Software platform revenue growth of 66% driven by Applovin's Axon 2.0 AI-based advertising engine powering its AppDiscovery platform.Applovin Corp. (NASDAQ:APP) will join the Nasdaq-100 Index and the Nasdaq-100 Equal Weighted Index next Monday prior to the market open.
Applovin Corp.（纳斯达克股票代码：APP）将于下周一开盘前加入纳斯达克100指数和纳斯达克100等权指数。
The Nasdaq-100 inclusion caps a significant year for the company which has seen its stock price rise more than 600%.
纳斯达克100指数的纳入结束了该公司重要的一年，其股价已上涨了600％以上。
What To Know: Applovin shares gained more than 75% last week after the company reported blockbuster third-quarter earnings on Wednesday. Applovin beat analysts' estimates on the top and bottom lines and increased its share buyback program by $2 billion.
须知：Applovin上周股价上涨了75％以上，此前该公司周三公布了轰动一时的第三季度财报。Applovin的收入和利润均超过了分析师的预期，并将其股票回购计划增加了20亿美元。
The company reported 39% total revenue growth year-over-year with Software platform revenue growth of 66% driven by Applovin's Axon 2.0 AI-based advertising engine powering its AppDiscovery platform.
该公司报告称，总收入同比增长39％，软件平台收入增长66％，这得益于Applovin为其AppDiscovery平台提供支持的基于Axon 2.0人工智能的广告引擎。
On the company's earnings call, Applovin management attributed the company's growth to its AI- powered technology driving increased demand from advertisers who report positive impacts on campaign performance.
在该公司的财报电话会议上，Applovin管理层将公司的增长归因于其人工智能驱动的技术，推动了报告对广告效果产生积极影响的广告商的需求增加。
"We've got the largest mediation solution in the sector and our teams built maybe the most innovative advertising technology that the world's yet seen," cofounder, chairman, and CEO Adam Foroughi.
联合创始人、董事长兼首席执行官亚当·福罗吉（Adam Foroughi）：“我们拥有该行业最大的中介解决方案，我们的团队开发了可能是世界上迄今为止最具创新性的广告技术。”
Loop Capital analyst Rob Sanderson sees Applovin shares continuing to climb after the stock is added to the Nasdaq-100 Index next Monday. Yesterday Sanderson maintained Applovin as a Buy and raised his price target on the stock from $181 to $385.
Loop Capital分析师罗布·桑德森预计，下周一Applovin股票被纳入纳斯达克100指数后，该股将继续攀升。昨天，桑德森维持了对Applovin的买入，并将该股的目标股价从181美元上调至385美元。
Price Action: According to Benzinga Pro, Applovin shares are down 1.28% at $282.75 at the time of publication Tuesday.
价格走势：根据Benzinga Pro的数据，截至周二发布时，Applovin股价下跌1.28％，至282.75美元。
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Image: Shutterstock
图片：Shutterstock
