Lates News

AppLovin's EPS is $1.67, exceeding analysts' expectations of $1.46. First-quarter revenue was $14.8 billion, surpassing analysts' expectations of $13.8 billion. First-quarter advertising revenue reached $11.6 billion, higher than analysts' forecast of $10.5 billion. The agreement to sell the mobile gaming division to TripleDot Studios is expected to be completed in the second quarter. Second-quarter advertising revenue is projected to be between $11.95 billion and $12.15 billion. Adjusted EBITDA for the second quarter is estimated to be between $9.70 billion and $9.90 billion. AppLovin's (APP) stock saw a V-shaped reversal in after-hours trading, rising by 19% after a 7.9% decline.