AppLovin Q1 Net Income, Revenue Rise; Q2 Outlook Set; Shares Up

MT Newswires Live
08 May

AppLovin (APP) reported late Wednesday Q1 net income of $1.67 per diluted share, up from $0.67 a year earlier.

Analysts polled by FactSet expected $1.44.

Revenue in the quarter ended March 31 was $1.48 billion, up from $1.06 billion a year earlier. Analysts expected $1.38 billion.

For Q2, the company expects advertising revenue of $1.20 billion to $1.22 billion. Analysts surveyed by FactSet expect a revenue of $1.4 billion, if comparable.

Shares of AppLovin jumped over 14% in recent after-hours activity.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10