10:59 AM EDT, 07/28/2025 (MT Newswires) -- AppLovin's ( APP ) "phenomenal" growth is expected to continue, with the mobile technology provider seen largely meeting consensus estimates for the second quarter, Wedbush Securities said in a Monday note.

AppLovin ( APP ), which enables mobile app developers to market and monetize their content through its software platform solutions, is scheduled to release financial results on Aug. 6.

Wedbush expects revenue of $1.23 billion and adjusted earnings before interest, taxes, depreciation and amortization of $1 billion, compared with the consensus estimates of $1.22 billion and $997 million, respectively.

"We expect AppLovin's ( APP ) phenomenal growth to continue," according to Wedbush analysts, including Alicia Reese. "The company should seek ongoing mobile advertising share gains from an uptick in 'user acquisition' spending.

"UA spend on mobile games totals over $30 billion annually across all advertising platforms, and the share spent on third-party mobile games has nearly tripled over the last few years to roughly $15 billion."

Reese expect sequential top-line growth for the software platform segment of 5.7% in the second quarter. AppLovin ( APP ) is expected to issue a sequential growth guidance of 5% for the division, in line with Wedbush' and consensus estimates, according to Reese.

"We don't expect AppLovin ( APP ) to break out revenue from its e-commerce business until it is able/willing to expand its offering to small and mid-size businesses," Reese said. "Our estimates no longer includes revenue from the apps business, as that now shifts to discontinued operations."

Wedbush reiterated its outperform rating on the stock and a $620 price target.

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