Here's Why AppLovin Stock Soared 45% Last Month
APPApplovin(APP) The Motley Fool·2024-03-07 04:18

Shares of app monetization company AppLovin (APP 3.35%) soared 45.2% higher during February, according to data provided by S&P Global Market Intelligence. On Feb. 14, the company reported lovely financial results for the fourth quarter of 2023, solidly outpacing expectations on the top and bottom lines. This accounted for the majority of the gains for AppLovin stock during the month. Prior to its earnings report, AppLovin's management had guided for Q4 revenue of $930 million at the most. But in Q4, the com ...