Add as a preferred source on GoogleAppLovin Shares Jump as Q3 Revenue Rises 55% and Q4 Outlook Beats
The company posted $2.18 billion in third-quarter revenue, while shares gained about 18% in after-hours trading Wednesday.
AppLovin shares gained about 18% in after-hours trading Wednesday after the advertising technology company reported third-quarter results above estimates and issued fourth-quarter guidance above expectations.
Revenue reached $2.18 billion, up 55% from a year earlier. The quarterly results topped estimates, and the outlook for the next quarter also exceeded expectations.
On Thursday, shares rose 26.18% to $342.07 during Thursday’s intraday trading. That was a separate market observation from Wednesday’s after-hours gain. The Thursday figure was recorded during the session and does not establish the closing price.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.