Applovin’s blowout earnings forecast helps send its stock soaring

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Applovin’s blowout earnings forecast helps send its stock soaring

By: market watch Posted On: February 14, 2024 View: 32

App-monetization company Applovin Corp. had a strong holiday season that helped power it to better-than-expected results for the latest quarter.

Shares surged 13% in Wednesday’s extended session, as Applovin APP also blew past estimates with its outlook for the current quarter.

The company generated fourth-quarter revenue of $953 million,...

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