AppLovin Q4 2023 GAAP EPS $0.49 Beats $0.36 Estimate, Sales $953.26M Beat $928.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
AppLovin reported Q4 2023 earnings of $0.49 per share, surpassing the $0.36 estimate, with sales of $953.26M also beating the $928.17M estimate. This represents a 35.73% increase in sales compared to the same period last year.
February 14, 2024 | 9:09 pm
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POSITIVE IMPACT
AppLovin's Q4 2023 earnings and sales exceeded analyst estimates, with a significant year-over-year sales growth.
Beating both EPS and sales estimates significantly, especially with a substantial year-over-year growth in sales, is likely to instill investor confidence and could lead to a positive short-term price movement for AppLovin's stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100