From CNBC: 2025-02-12 18:04:25

AppLovin CEO Adam Foroughi led the company to a nearly 30% surge in shares after exceeding earnings estimates. Net income tripled to $599.2 million in the quarter, with revenue rising 43% to $1.37 billion. The tech stock’s success is attributed to its AI-powered advertising system and app business split, now set for a $900 million sale. Advertising revenue, climbing 73% to almost $1 billion, drives AppLovin’s growth, with first-quarter revenue projected to exceed analyst estimates.



Read more at CNBC:: AppLovin soars almost 30% on earnings, guidance beat