Why AppLovin Stock Soared 45% This Week

Shares of AppLovin (APP 8.45%), an online gaming and advertising company, soared higher this week after it reported third-quarter financial results that blew past Wall Street's consensus estimates. AppLovin's shares jumped 45% this week, as of this writing, adding to the company's stunning gains over the past year of more than 500%. AppLovin continues its stunning growth AppLovin's sales popped 39% in the quarter to $1.2 billion, which outpaced analysts' consensus estimate of $1.13 billion. Similarly, the c ...