AppLovin's High Valuation and Expansion Beyond Gaming Prompt Analyst Caution
APPApplovin(APP) Benzinga·2024-11-08 03:22

Applovin Corp APP stock shot higher on Thursday following the upbeat quarterly print.On Wednesday, the company reported third-quarter revenue of $1.2 billion, up 39%, beating analyst consensus estimates of $1.13 billion. Applovin increased the company’s share repurchase program by $2 billion.Also Read: Warner Bros. Discovery Q3 Earnings: Olympics and Blockbusters Drive Gains, CEO Highlights Subscriber Surge and New PartnershipsIt expects fourth-quarter revenue of $1.24 billion—$1.26 billion.Multiple Wall St ...