AppLovin soars almost 30% on earnings, guidance beat
After a banner year that saw AppLovin's stock jump more than 700%, the company reported better-than-expected results for the fourth quarter.
AppLovin shares soared almost 30% in extended trading on Wednesday after the company reported earnings and revenue that sailed past analysts' estimates and issued better-than-expected guidance.
Here's how the company performed compared with analysts' expectations, according to LSEG:
Earnings per share: $1.73 vs. $1.24 expected
Revenue: $1.37 billion vs. $1.26 billion expected