AppLovin Q1 Net Income, Revenue Rise; Q2 Outlook Set; Shares Up

MT Newswires Live05-08

AppLovin (APP) reported late Wednesday Q1 net income of $1.67 per diluted share, up from $0.67 a year earlier.

Analysts polled by FactSet expected $1.44.

Revenue in the quarter ended March 31 was $1.48 billion, up from $1.06 billion a year earlier. Analysts expected $1.38 billion.

For Q2, the company expects advertising revenue of $1.20 billion to $1.22 billion. Analysts surveyed by FactSet expect a revenue of $1.4 billion, if comparable.

Shares of AppLovin jumped over 14% in recent after-hours activity.

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