AppLovin Q2 2024 GAAP EPS $0.89 Beats $0.75 Estimate, Sales $1.080B Miss $1.082B Estimate
Portfolio Pulse from Benzinga Newsdesk
AppLovin (NASDAQ:APP) reported Q2 2024 GAAP EPS of $0.89, beating the $0.75 estimate, and sales of $1.080 billion, slightly missing the $1.082 billion estimate. EPS increased by 304.55% year-over-year, while sales grew by 43.97%.
August 07, 2024 | 8:08 pm
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AppLovin reported strong Q2 2024 earnings with GAAP EPS of $0.89, beating estimates by 18.67%, and sales of $1.080 billion, slightly missing estimates. EPS increased significantly by 304.55% year-over-year, and sales grew by 43.97%.
The significant beat on EPS and strong year-over-year growth in both EPS and sales are likely to positively impact AppLovin's stock price in the short term, despite the slight miss on sales estimates.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100