Applovin’s blowout earnings forecast helps send its stock soaring

This post was originally published on this site

https://images.mktw.net/im-662767

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 17% 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,…

Master your money.

Subscribe to MarketWatch.

Get this article and all of MarketWatch.

Access from any device. Anywhere. Anytime.


Subscribe Now