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. (納斯達克：APP) 將於下週一市場開盤前加入納斯達克-100指數和納斯達克-100等權重指數。
The Nasdaq-100 inclusion caps a significant year for the company which has seen its stock price rise more than 600%.
納斯達克-100的納入爲這家公司標誌着一個重要的一年，該公司的股價上漲超過600%。
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.
了解詳情：Applovin股價上週在公司週三公佈強勁的第三季度業績後上漲了75%以上。 Applovin在營業收入和底線上均超出分析師的預期，並將其股票回購計劃增加了20億美元。
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.
該公司報告，年度總營收增長39%，軟件平台營收增長66%，這得益於Applovin的基於人工智能的Axon 2.0廣告引擎推動其AppDiscovery平台。
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.
在公司的業績會上，Applovin管理層將公司的增長歸因於其人工智能技術推動的增加的廣告主需求，廣告主報告稱其廣告活動表現出積極影響。
"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.
「我們擁有行業內最大的調解解決方案，我們的團隊可能構建了世界上最創新的廣告技術，」聯合創始人，主席兼首席執行官Adam Foroughi。
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分析師Rob Sanderson看好Applovin股價在下週加入納斯達克-100指數之後繼續攀升。昨天，Sanderson維持Applovin的買入評級，並將其股價目標從181美元提高至385美元。
Price Action: According to Benzinga Pro, Applovin shares are down 1.28% at $282.75 at the time of publication Tuesday.
價格走勢：根據Benzinga Pro，Applovin股價在本文發表時下跌1.28%，報282.75美元。
Read More:
閱讀更多：
- Trump's Potential 'Health Czar' Robert F. Kennedy Jr. Rattles Vaccine Stocks: 'Shoot First Reaction'
- 特朗普潛在的'健康czar'羅伯特·F·肯尼迪Jr.使生物-疫苗股票動盪：'先射擊反應'
Image: Shutterstock
圖片：shutterstock
