AppLovin Stock Soars on Earnings Beat, Gaming Unit Sale

AppLovin Corp (NASDAQ:APP) stock is up 15.5% at $350.56 at last glance, after the AI-powered marketing platform posted blowout quarterly results and announced a major business shift. The company reported earnings of$1.67 per share, beating the consensus estimate of $1.45, while revenue came in at$1.48 billion — also topping expectations. AppLovin also announced plans to sell its mobile gaming business to Tripledot Studios in a deal valued at $800 million in cash.At least five analysts have responded with ...