AppLovin Is Back To Smashing Earnings But Investors Are Slow To Buy

T2Covered by 1 source · first reported by AdExchanger / Digiday / MarTech / Search Engine Journal at 05 Nov, 17:04 UTC

AppLovin is growing at a blistering pace, but Wall Street investors remain cautious about the business. The mobile ad tech company earned just shy of $2.2 billion in Q3 this year, per the company’s earnings report after-hours on Wednesday. Of that, $1.44 billion fell straight to net income (which…