APP - AppLovin Stock Jumps On Strong Q1 Earnings: The Details | Benzinga
AppLovin Corp (NASDAQ:APP) shares are trading higher in Wednesday’s after-hours session after the company reported better-than-expected financial results for the first quarter.
- Q1 Revenue: $1.058 billion, versus estimates of $974.361 million
- Q1 EPS: 67 cents, versus estimates of 55 cents
Total revenue was up 48% year-over-year in the first quarter. Apps segment revenue was up 5% year-over-year, benefitting from the improved performance of AXON since its launch last year. Adjusted EBITDA came in at $549 million, up 101% on ...