Earnings Results: AppLovin stock rises following revenue beat, $1 billion MoPub acquisition

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AppLovin Inc. shares gained back steep Wednesday session losses after hours as the company reported revenue that topped the Wall Street consensus and announced another billion-dollar acquisition.

AppLovin APP shares rallied 9% after hours, following a 7.6% drop to close the regular session at $95.73.

AppLovin reported third-quarter net income…