The company reported net income of $1.27 billion for the second quarter, up 55% from $820 million in the same period last year. Adjusted EBITDA reached $1.61 billion, representing a 58% increase from $1.02 billion in the prior-year quarter. AppLovin generated $869.0 million in net cash from operating activities and $863.3 million in free cash flow during the quarter. For the third quarter, the company projected adjusted EBITDA in the range of $1.71 billion to $1.74 billion, with an adjusted EBITDA margin of 83%. Related articlesAppLovin stock sinks as top-line miss and soft guidance overshadow profitBoeing-Lockheed Martin's ULA said to plan $500m private bond saleCarlyle sees improving exit conditions for "good companies"