AppLovin stands out in the latest round of quarterly earnings calls
In recent weeks, the ad tech sector’s publicly traded companies released their official earnings figures, offering insights into the industry’s critical underpinning developments.
Yesterday (November 11), Zeta delivered its Q3 earnings call, noting that revenues soared 42% year over year to hit $268 million. It also increased its quarterly earnings guidance to $297 million (up $32 million), noting that its recent purchase of LiveIntent will help buoy earnings.
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Earlier during the period, the intuitive talisman of the sector, The Trade Desk, posted its (now expected) quarterly revenue increase – up 27% year on year to $628 million – during the period. Still, it was the performance of AppLovin during the three months to September 30 that (arguably) proved most notable in the latest raft of earnings.
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