AppLovin Corporation: How Are They Expanding Into New Verticals? 

AppLovin’s earnings for the second quarter of 2024 demonstrated a balanced view of their company’s performance, represented through CEO Adam Foroughi, CFO Matt Stumpf, and Head of Investor Relations David Hsiao’s comprehensive discussions on their business metrics and strategic directions. AppLovin’s financials for the quarter showed significant growth, with total revenue reaching $1.08 billion, demonstrating a 44% increase year-over-year. The company’s adjusted EBITDA was reported at $601 million, translating to an impressive 56% adjusted EBITDA margin, marking an 80% increase compared to the same period last year. This performance translates into a strong 81% flow-through from revenue to adjusted EBITDA. The company achieved $446 million in free cash flow, indicating a robust operational efficiency.