AppLovin's shares climbed in after-hours on Wednesday, following second quarter revenue that surpassed analysts’ expectations.
The mobile technology company’s second-quarter revenue surged +123% year-over-year to $669 million, compared to analysts’ expectations $641 million. Earnings came in at 4 cents a share, in line with analysts’ expectation (according to FactSet). It incurred a loss - 10 cents a share in the same period a year ago.
AppLovin offers software for mobile developers to market, monetize, and publish their apps through its mobile advertising, marketing and analytics.