The dark horse of the US stock market last year, AppLovin, surged after its earnings report
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AppLovin released its financial report, with earnings per share of $1.67 in the first quarter, exceeding analysts' expectations of $1.46, and revenue of $1.48 billion also surpassed expectations. Both advertising revenue and adjusted EBITDA exceeded analysts' forecasts. The company agreed to sell its mobile gaming division to TripleDot Studios, with expected advertising revenue in the second quarter of $1.195 billion to $1.215 billion. AppLovin's stock price experienced a V-shaped reversal in after-hours trading, initially falling before rising by 19%
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