icon
icon
icon
icon
🏷️$300 Off
🏷️$300 Off

News /

Articles /

AppLovin's AI Triumph: Stock Soars 600% Amidst Record-Breaking Revenue Growth

Word on the StreetMonday, Nov 18, 2024 7:00 am ET
2min read

Recently, AppLovin, a company listed on the US stock market, has become a global "AI star stock," capturing significant attention. As per its 2024 Q3 financial results published on November 7, the company reported $1.2 billion in revenue, marking a 39% year-over-year increase, and net income of $434 million, a stunning 300% rise. This performance led to a dramatic 46% one-day surge in its stock price, contributing to an over 600% increase since the beginning of the year, with a market cap approaching $100 billion, reaching $95.29 billion as of November 15.

This growth is rooted in AppLovin's strategic investments in mobile advertising and app analytics over the years. The company launched its AI-driven advertising engine model, AXON 2.0, in early 2023, followed by the development of the intelligent advertising software solution eDiscovery, allowing rapid large-scale ad bidding within milliseconds between demand and supply.

To date, AppLovin has achieved two major breakthroughs in the AI sphere: Firstly, the upgrade to AXON 2.0 significantly increased the efficiency of producing premium content; secondly, the accuracy of ad placements has seen substantial enhancement.

Reports indicate that marketing could be the fastest area to monetize AI commerce. AppLovin's soaring stock price could reflect the commercial potential of AI-driven marketing, surpassing market expectations. On November 12, during the 2024 Baidu World Conference, Baidu's founder Robin Li commented on AI models and applications, suggesting that significant advancements over the last 24 months have dispelled previous illusions, ushering in the era of AI applications.

As international AI application performances reach explosive growth and vertical models hasten their value realization, domestic AI applications are garnering increased attention. On November 14, Leo Group (002131.SZ) announced that it hosted a visit from several financial institutions, including Anxin Fund and Sequoia China. During the meeting, the company elaborated on the progress of its internet marketing section, Leo Digital, in AI technology applications, particularly in the smarter deployment of advertising.

Leo Digital has focused its efforts on AI technology utilization in the deployment process, delving into foundational issues of AI tech applications within the industry. In 2023, the company ventured into AI advertising tool development, launching the AIGC ecosystem platform "LEO AIAD" and the marketing field model "Leo Unity." This tool's core functions are akin to AppLovin's AI advertising engine model, AXON 2.0, accentuating user needs identification and deeper user interaction to enhance customer conversion and deliver value.

In terms of advertising efficiency through AI empowerment, LEO AIAD has integrated internal programmatic purchasing systems and desktop trading tools to boost effectiveness. This integration of various Trading Desk products expands AI tech capacities within Leo Digital.

During the recent Double 11 shopping festival, the Pangu engine's ad deployment tasks surged by 37% year-over-year, with operational instances increasing ninefold, surpassing 35 million and outstripping manual capabilities. Ad spending rose by 40%, with transaction processing peaking at 46,000 actions per minute.

Looking ahead, Leo Group sees the integration of AI technologies bringing significant development opportunities to digital marketing entities. The company is committed to applying AI in advertising, providing more intelligent and efficient ad services, continuously optimizing algorithms, and enhancing technological capabilities to maintain a competitive edge.

Experts suggest historical technological revolutions have had profound impacts on the capital markets. Mirroring the mobile internet's trajectory, AI's future lies in application fronts, with "AI+" poised to revive the "internet+" era's success. The industry's history demonstrates that niche AI applications often gain traction abroad before quickly catching up domestically. Consequently, the market holds an optimistic view of the disruptive industry shifts driven by AI and is positive about the long-term prospects of AI+ integration.

Comments

Add a public comment...
Post
User avatar and name identifying the post author
ghostboo77
11/18
Thanks a lot, bro, for the top-tier DD on $APP.
0
Reply
User avatar and name identifying the post author
vivifcgb
11/18
$APP has faced an unprecedented number of rejections lately 🤦🏾‍♂️
0
Reply
User avatar and name identifying the post author
NEYO8uw11qgD0J
11/18
$APP reaches new heights of success
0
Reply
User avatar and name identifying the post author
PikaZoz123
11/18
Just need an $APP for that!
0
Reply
User avatar and name identifying the post author
Ogulcan0815
11/18
$APP Is a 25X revenue low risk entry? 🤡
0
Reply
User avatar and name identifying the post author
haarp1
11/18
$APP Let's continue to quote this as we make our way into the $300s.
0
Reply
User avatar and name identifying the post author
EightBitMemory
11/18
$APP needs to come down from its high.
0
Reply
User avatar and name identifying the post author
VegetaIsSuperior
11/18
$APP is likely to experience a sudden drop in price soon.
0
Reply
User avatar and name identifying the post author
johnnyko55555
11/18
$APP i DCA app short every day
0
Reply
User avatar and name identifying the post author
bobpasaelrato
11/18
$APP just launched a new product line of tater chips!!!
0
Reply
User avatar and name identifying the post author
Relevations
11/18
$APP might as well go to hell.
0
Reply
User avatar and name identifying the post author
BURBEYP
11/18
$APP Layoff? 😂 Just this week, AppLovin, a tech company in the Bay Area, made it to $97.7B in valuation but now they’re cutting jobs.
0
Reply
User avatar and name identifying the post author
Charming_Raccoon4361
11/18
Just spent my entire savings on $APPLV... the Double 11 shopping festival ad spending surge was the push I needed. Here goes nothing, wish me luck!
0
Reply
User avatar and name identifying the post author
BloodForThCursedIdol
11/18
The real question is, how much of this growth is attributed to the AI advancements versus just a strong mobile advertising market? Don't want to overlook other factors here.
0
Reply
User avatar and name identifying the post author
Most_Caramel_8001
11/18
Finally, a Chinese company is giving AppLovin a run for their money. Leo Group's AI advertising tool is a game-changer. Time to diversify my portfolio...
0
Reply
Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
You Can Understand News Better with AI.
Whats the News impact on stock market?
Its impact is
fork
logo
AInvest
Aime Coplilot
Invest Smarter With AI Power.
Open App