From CNBC: 2025-02-13 10:23:38

Shares of Applovin surged over 30% after reporting a fourth-quarter earnings beat and announcing the divestment of its apps business. Analysts raised price targets, with Wolfe setting it at $550 and Oppenheimer at $560. Applovin’s Q4 earnings per share was $1.73 on $1.37 billion in revenue, exceeding expectations.

Net income for the quarter more than tripled to $599.2 million, with revenue jumping 43% to $1.37 billion. Applovin was the most successful tech stock in the U.S. in 2024, outperforming AI giants. The company expects first-quarter revenue to exceed estimates, with over $1 billion coming from its advertising segment.



Read more at CNBC:: AppLovin skyrockets 33% after earnings beat, strong guidance