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AppLovin shares jump 30% after record quarterly profits

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Gulf News
“AppLovin shares jump 30% after record quarterly profits”

Dubai: AppLovin shares jumped nearly 30 per cent on November 5 after the US advertising technology company reported record third-quarter earnings. The board also raised its share buyback authorization by $3.2 billion. Revenue rose 55 per cent to $2.18 billion in the quarter ended September 30. A year earlier, it was $1.4 billion. Analysts had forecast $2.07 billion. Net income climbed 72 per cent to $1.44 billion. Diluted earnings per share reached $4.30, against a consensus of $4.04 and $2.45…

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