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via finance.yahoo.comBusiness & Companies

AppLovin stock explodes 20% after a quarter above expectations and upbeat outlook

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. AppLovin (NASDAQ:APP) shares jumped 20% early Thursday after the advertising technology company delivered quarterly results that exceeded expectations and issued an upbeat forecast for the next period. Revenue increased 55% year over…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishFourth-quarter guidance above consensus justifies the strong rally in the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The company expects fourth-quarter revenue of about $2.38 billion.
  2. 02Wall Street's estimate was $2.25 billion.
  3. 03The adjusted EBITDA outlook of $2.01 billion exceeded the consensus of $1.88 billion.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
AppLovin CorporationAPPStock345.71 USD-1.48%today +27.22%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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