AppLovin shares surge after profit, revenue beat, strong outlook
Investing.com -- Applovin Corp (NASDAQ: APP ) shares jumped more than 15% after the closing bell as the company reported fourth-quarter earnings that topped Wall Street estimates.
The mobile technology company posted earnings per share of $1.73 for the fourth quarter, surpassing analysts' expectations of $1.25.
Revenue rose to $1.37 billion, exceeding the consensus estimate of $1.26 billion.
AppLovin projected revenue in the range of $1.355 billion to $1.385 billion for the first quarter of 2025, above analysts’ expectations of $1.321 billion.