Australia markets closed
  • ALL ORDS

    7,324.90
    +36.10 (+0.50%)
     
  • AUD/USD

    0.7033
    -0.0092 (-1.29%)
     
  • ASX 200

    7,064.30
    +31.80 (+0.45%)
     
  • OIL

    87.14
    -4.95 (-5.38%)
     
  • GOLD

    1,795.50
    -20.00 (-1.10%)
     
  • BTC-AUD

    34,289.73
    -722.48 (-2.06%)
     
  • CMC Crypto 200

    572.30
    -18.46 (-3.12%)
     

Why AppLovin Stock Soared Today

·3-min read
Why AppLovin Stock Soared Today
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Shares of AppLovin Corporation (NASDAQ: APP), a marketing platform, skyrocketed today after the company reported its first-quarter financial results. Surprisingly, AppLovin missed Wall Street's consensus estimate for both its top and bottom lines and cut its revenue guidance for the full year. Investors were instead focused on the fact that AppLovin's management said that it's open to selling the company's Apps business.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting