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published in Blogs
Aug 12, 2021
AppLovin (APP, $58.50) Q2 revenue rose +123% year-over-year

AppLovin (APP, $58.50) Q2 revenue rose +123% year-over-year

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.

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