MoranElkarifNews: 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 expected
• Revenue: $1.48 billion vs $1.38 billion expected

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