US Stock Market Move | Revenue in Q4 increased significantly and Q1 guidance exceeded expectations. Applovin (APP.US) surges more than 30% in pre-market trading.

On Thursday, Applovin (APP.US) surged over 30% in pre-market trading, with the opening price expected to reach a new all-time high at 495.25 US dollars. On the news front, the company reported a total revenue of 1.373 billion US dollars in the fourth quarter of 2024, a significant increase of 44% year-on-year, exceeding market expectations of 1.26 billion US dollars; net profit was 599 million US dollars, a 248% year-on-year increase. Looking ahead to the first quarter of 2025, the company forecasts total revenue in the range of 1.355 billion US dollars to 1.385 billion US dollars, compared to market expectations of 1.32 billion US dollars.