Shares of AppLovin (NASDAQ: APP) jumped following its second-quarter earnings report after yet another strong quarter of revenue and profitability growth for the adtech company. The stock has been a strong performer this year, up over 75% year to date.

Let's look at what's behind the company's resurgence, if it can continue, and whether the stock is a buy.

AppLovin's success stems from the release of its Axon 2 artificial intelligence (AI)-based advertising technology last year. Since then, the company has seen its quarterly software platform revenue explode higher.

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Source Fool.com