PALO ALTO, Calif., May 13, 2022--AppLovin Corporation (NASDAQ: APP), a leading marketing platform, today announced that CEO Adam Foroughi will participate in a fireside chat at the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference in Boston on Tuesday, May 24, 2022 at 4:10 p.m. Eastern Time.
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.
AppLovin (APP) delivered earnings and revenue surprises of 700% and 24.38%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?