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via finance.yahoo.comBusiness & Companies

AppLovin jumps 19% as third-quarter revenue beats expectations

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. AppLovin Corporation (NASDAQ:APP) rose 19.22% in premarket after it reported record third-quarter revenue up 55% to $2.185 billion, ahead of analysts' consensus of $2.075 billion. Diluted EPS rose from $2.45 to $4.30, beating the $4.03…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishRevenue and earnings above consensus drive the premarket rally.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Third-quarter revenue rose 55% to $2.185 billion.
  2. 02Diluted EPS rose to $4.30 against an estimate of $4.03.
  3. 03Free cash flow reached $1.4 billion.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
AppLovin CorporationAPPStock344.94 USD-1.70%today +26.93%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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