Why AppLovin Stock Is Back in Focus After Its Q1 Earnings Beat
AppLovin reported first-quarter revenue of $1.84 billion, up 59%, and forecast second-quarter sales above Wall Street estimates. Diluted earnings per share reached $3.56, while adjusted EBITDA rose 66% to $1.56 billion. Shares fell 1.9% premarket after an initial spike. The company repurchased $1 billion in stock and cited strong gains from its AI-powered Axon Ads Manager.