PALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — AppLovin Corp. (APP) on Wednesday reported first-quarter earnings of $1.21 billion.
On a per-share basis, the Palo Alto, California-based company said it had profit of $3.56.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.40 per share.
The mobile app technology company posted revenue of $1.84 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $1.77 billion.
AppLovin shares have decreased 31% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $468.25, an increase of 54% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APP at https://www.zacks.com/ap/APP
Copyright © 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
