AppLovin Surges After Strong Q4 Earnings and Upbeat Forecast

Shares of AppLovin climb following a robust fourth-quarter performance and optimistic revenue projections for the first quarter.

AppLovin reported fourth-quarter earnings of 49 cents per share, surpassing analyst expectations of 36 cents.
The company announced a $1.25 billion increase to its share repurchase program, signaling confidence in its financial health.
Fourth-quarter sales reached $953.26 million, beating estimates and marking a 35.73% year-over-year increase.
AppLovin's software platform revenue grew significantly, contributing to 60% of total revenue.
The company projects first-quarter revenue to be between $955 million and $975 million, exceeding Wall Street forecasts.