Applovin Shares Fell 17.77% in Premarket Trading

Tiger Newspress2022-02-17

AppLovin shares fell 17.77% in premarket trading.

The company said it expects full-year revenue between $3.55 billion and $3.85 billion, with $2.2 billion to $2.35 billion of that coming from apps, and $1.35 billion to $1.5 billion coming from software platform revenue.

Analysts surveyed by FactSet had forecast revenue of $3.83 billion for 2022, with a different breakout. FactSet analysts forecast $2.02 billion in business revenue and $1.85 billion in consumer revenue, with $250 million from MoPub.

AppLovin reported fourth-quarter net income of $31.1 million, or 8 cents a share, versus a loss of $18.8 million, or 9 cents a share, in the year-ago period. The company did not list adjusted earnings-per-share figures.

Revenue rose to $793.5 million from $509.8 million in the year-ago quarter.

Analysts surveyed by FactSet had forecast earnings of 11 cents a share on revenue of $780.4 million.

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Comments

  • RK0948
    2022-02-17
    RK0948
    catch the opportunity
  • RK0948
    2022-02-17
    RK0948
    Sell off for buyer
  • Siak
    2022-02-17
    Siak
    Like
  • tpanda
    2022-02-17
    tpanda
    Huge fall
  • Ealmighty
    2022-02-17
    Ealmighty
    K
  • 4XKEYQ
    2022-02-17
    4XKEYQ
    Wow
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