AppLovin Q1 2024 GAAP EPS $0.67 Beats $0.55 Estimate, Sales $1.058B Beat $974.361M Estimate
Portfolio Pulse from Benzinga Newsdesk
AppLovin reported Q1 2024 earnings of $0.67 per share, surpassing the $0.55 estimate, with sales of $1.058B also beating the $974.361M estimate. This represents a 47.89% increase in sales compared to the same period last year.
May 08, 2024 | 8:11 pm
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POSITIVE IMPACT
AppLovin's Q1 2024 earnings and sales exceeded analyst estimates, with a significant year-over-year sales growth.
Beating both earnings and sales estimates significantly, especially with a notable year-over-year sales increase, typically leads to positive investor sentiment and could result in a short-term stock price increase for AppLovin.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100