The dark horse of the US stock market last year, AppLovin, surged after its earnings report
AppLovin released its financial report, with earnings per share of $1.67 in the first quarter, exceeding analysts' expectations of $1.46, and revenue of $1.48 billion also surpassed expectations. Both advertising revenue and adjusted EBITDA exceeded analysts' forecasts. The company agreed to sell its mobile gaming division to TripleDot Studios, with expected advertising revenue in the second quarter of $1.195 billion to $1.215 billion. AppLovin's stock price experienced a V-shaped reversal in after-hours trading, initially falling before rising by 19%
AppLovin EPS is $1.67, while analysts expected $1.46.
First-quarter revenue is $1.48 billion, while analysts expected $1.38 billion.
First-quarter advertising revenue is $1.16 billion, while analysts expected $1.05 billion.
First-quarter adjusted EBITDA is $1.01 billion, while analysts expected $871.1 million.
First-quarter adjusted advertising EBITDA is $943.2 million, while analysts expected $813.1 million.
Agreed to sell the mobile gaming division to TripleDot Studios, with the transaction expected to be completed in the second quarter.
Second-quarter advertising revenue is expected to be between $1.195 billion and $1.215 billion.
Second-quarter adjusted EBITDA is expected to be between $970 million and $990 million, with an adjusted EBITDA margin of 81%.
AppLovin (APP) experienced a V-shaped reversal in after-hours trading, rising 19% after a decline of 7.9%.
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