From Yahoo Finance: 2025-05-09 11:53:00

Applovin Corp (NASDAQ:APP) stock surged 12% after reporting first-quarter financial results, with sales of $1.48 billion and adjusted EPS of $1.67, beating estimates. Second-quarter advertising revenue is guided at $1.19-$1.21 billion. Analysts have rerated the stock, with price targets raised by JP Morgan, Goldman Sachs, and BofA Securities. The company’s revenue and adjusted EBITDA grew significantly year over year, driven by the advertising segment. Applovin is focusing on e-commerce ads and gaming for growth. Management projects strong advertising revenue performance and operational efficiencies. Despite the positive outlook, APP stock is down 2.73% to $331.84.



Read more at Yahoo Finance: AppLovin’s Rapid Ad Growth, AI Gains Drive Hike In Analyst Price Forecast