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AppLovin Shares Jump as Q3 Revenue Rises 55% and Q4 Outlook Beats

AppLovin Shares Jump as Q3 Revenue Rises 55% and Q4 Outlook Beats

Photo: TokenPost

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 reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost

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