AppLovin Q4 Earnings, Revenue Beat Estimates; Expands Buy-Back Program By $1.25B
Portfolio Pulse from Erica Kollmann
AppLovin Corp (NASDAQ:APP) reported Q4 earnings of 49 cents per share, surpassing the consensus estimate of 36 cents, and quarterly sales of $953.26 million, beating the estimate of $928.17 million. The company announced a $1.25 billion increase in its share repurchase program and projected Q1 revenue between $955 million to $975 million. Shares surged nearly 12.97% after-hours.
February 14, 2024 | 10:43 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
AppLovin reported higher-than-expected Q4 earnings and sales, expanded its buy-back program by $1.25B, and provided a strong Q1 revenue forecast.
The positive earnings report, sales beat, and expansion of the buy-back program signal strong financial health and investor confidence, likely leading to a short-term positive impact on APP's stock price. The after-hours stock price surge of nearly 12.97% further supports this analysis.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100