AppLovin Corporation APP is set to announce its fourth-quarter 2024 financial results on Feb. 12, after market close. The company is expected to report strong year-over-year revenue growth, primarily driven by the continued expansion of its Software Platform segment.

See Zacks Earnings Calendar to stay ahead of market-making news.

The consensus estimate for Software Platform revenues stands at $892.7 million, reflecting a substantial 54.8% increase compared to the same quarter last year. This surge is likely fueled by the company’s advanced AXON 2.0 technology, which enhances ad targeting and optimization. Meanwhile, the consensus projection for Apps revenue is $367.72 million, representing a slight decline of 1.8% year over year.

Overall, AppLovin’s total revenues are expected to reach $1.26 billion, indicating a robust 32.3% increase from the year-ago quarter, according to the Zacks Consensus Estimate. This strong top-line growth underscores the effectiveness of the company’s strategic expansion efforts, including acquisitions of gaming studios and innovations in AI-driven ad solutions.

Profitability is also anticipated to improve significantly. The consensus estimate for Software Platform’s adjusted EBITDA is pegged at $683.7 million, indicating remarkable 62.7% year-over-year growth. APP’s total adjusted EBITDA is projected to rise 35.5% year over year.

Earnings per share (EPS) are expected to show a massive 161.2% increase, with the Zacks Consensus Estimate at $1.28. These projections highlight AppLovin’s ability to capitalize on its technology-driven business model, reinforcing its position as a leading player in the digital advertising and gaming industries.

APP currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Other Stocks to Consider

Here are a few other stocks from the broader Business Services sector, which are likely to beat on earnings this time around.

V2X, Inc. VVX: The Zacks Consensus Estimate for the company’s fourth-quarter 2024 revenues is pegged at $1.1 billion, indicating year-over-year growth of 4.7%. For earnings, the consensus mark is pegged at $1.1, suggesting a 7.4% decline from the year-ago quarter’s reported figure. The company beat the consensus estimate in three of the past four quarters and missed once, with an average surprise of 13.4%.

TransUnion TRU: The Zacks Consensus Estimate for the company’s fourth-quarter 2024 revenues is pegged at $1 billion, indicating year-over-year growth of 7.7%. For earnings, the consensus mark is pegged at 96 cents, suggesting 20% growth from the year-ago quarter’s reported figure. The company beat the consensus estimate in the past four quarters, with an average surprise of 7.3%.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

AppLovin Corporation (APP) : Free Stock Analysis Report

TransUnion (TRU) : Free Stock Analysis Report

V2X, Inc. (VVX) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research