💨 Abstract

AppLovin Corp. reported a second-quarter profit of $819.5 million, or $2.39 per share, exceeding analysts' expectations. The company's revenue was $1.26 billion, also surpassing forecasts. For the current quarter, AppLovin anticipates revenue between $1.32 billion and $1.34 billion. Shares increased by 21% since the beginning of the year, hitting $390.

Courtesy: WTOP Staff