AppLovin Corp Ordinary Shares - Class A
APP: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| C%D | LOCK|zPLD? | LOCK|WJbzbL^ |
AppLovin Earnings: Revenue Beat Illustrates Large Open Internet Opportunity; Lifting Fair Value 8%
AppLovin shares are up 13% in after-hours trading after announcing revenue in its advertising segment beat management guidance by 11% during the first quarter. Total revenue beat FactSet analyst expectations by 5%. AppLovin also entered into a definitive agreement to sell the gaming division.
