AppLovin Just Beat Earnings And Shares Are Flying — But What Do The Analysts Think?

Mobile app tech company AppLovin Corp (NASDAQ:APP) reported its first-quarter results on Wednesday at the closing bell, beating revenue expectations while missing on earnings. The stock is also flying higher.

By The Numbers: The company posted revenues of $715.4 million, beating consensus estimates of $693.51 million. The company reported a loss of 1 cent per share, falling short of the expected earnings of 7 cents per share.