Applovin shares pop on earnings beat as it announces sale of mobile gaming business

Applovin shares soared as high as 15% in extended trading after the company reported earnings and revenue that beat expectations and announced the sale of its mobile gaming business.Here's how the company did compared to LSEG consensus estimates:Earnings: $1.67 per share vs$1.45 per share expectedRevenue: $1.48 billion vs$1.38 billion expectedApplovin also agreed on Wednesday to sell its mobile gaming business to Tripledot Studios in a deal worth $400 million in cash considerations. The advertising tech c ...