AppLovin shares soared 46% after announcing financial results

- All told, AppLovin stock is up 519% since the start of 2024 - AppLovin now has a market valuation of $80+ billion - Its Q3 2024 revenue is up 39% to $1.2 billion - Revenue for the current quarter will be $1.24-1.26 billion (+31%) - Gaming business slowed, online advertising thrives - Revenue from advertising products was $835 million (+66%) - This growth was driven by the new AXON engine version 2.0 - AppLovin net income was $434.4 million (+300%) - Scorr. profit margin is already 78% - AppLovin is testing its solutions for the e-commerce marketplace - They will have a positive impact on revenues for 2025

UK fintech startup Wise's profits up 55%

- Wise's profit rose 55% on H1 FY 2025 results - It was helped by growth in customer numbers, market share and more. - Wise's H1 2025 profit was already £217.3 million - The number of active customers grew by 25% to 11.4 million - Its revenue grew 19% to $591.9m over the same period - Wise was able to reduce currency conversion costs, etc. - For the full FY 2025, revenue could grow 15-20% - The st

Prosus made $2 billion on its investment for Swiggy

- Tencent's major shareholder made $2 billion on Swiggy - Prosus and Naspers invested $1.3 billion for 31% before the IPO - Now it will sell $500+ million worth of shares and retain a 25% stake - Prosus has also become a shareholder in other startups in India - It is expected that some of them may go for IPOs - Shares of the meal delivery service rose 13% at IPO - Swiggy's market value has reached

AppLovin shares soared 46% after announcing financial results

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UK fintech startup Wise's profits up 55%

Prosus made $2 billion on its investment for Swiggy