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.

You May Also Be Interested In

• Westinghouse said to seek over $50 billion valuation in planned IPO
• Amneal gets FDA approval for lanreotide injection, launches immediately
• UBS cuts KOSPI target by nearly 10% to reflect higher rates