AppLovin (NASDAQ: APP) is soaring after crushing expectations in its 4th quarter earnings release and Wall Street analysts are in a frenzy updating their price targets to adequately evaluate the stock's potential for next year.
AppLovin stock rocketed after its big beat-and-raise Q4 report. Should investors hold APP stock after the huge gain?
Software stock AppLovin Corp (NASDAQ:APP) is skyrocketing to record highs today, up 36.9% at $520.90 at last check, after the company's fourth-quarter results smashed estimates.
Shares of Applovin ripped more than 30% higher following a fourth-quarter earnings beat, causing many analysts to lift their price targets. Revenue jumped 43% from $953.3 million a year earlier, fueled by improvements and expansions to new categories for its AI-powered AXON advertising software.
Gaming and mobile app advertising company AppLovin (NASDAQ:APP) is ripping out of the gate this morning, jumping 32% higher at the open after beating Wall Street's fourth-quarter earnings estimates Wednesday and raising guidance for the year.
Applovin (APP) continues its massive rally after posting a blockbuster earnings report that included 73% advertising revenue growth. Contrasting that company is The Trade Desk (TTD), down close to 30% after missing the top line for the first time in 33 quarters.
Shares of software company AppLovin ( NASDAQ: APP ) surged in after hours on Wednesday when the company announced strong Q4 earnings.
CNBC's Andrew Ross Sorkin reports on the latest news.
Despite a 30% post-earnings share price spike, I maintain a 'Strong Sell' on AppLovin due to overvaluation and significant growth risks. Q4 earnings were impressive, but the balance sheet shows vulnerabilities with high goodwill and substantial long-term debt. Valuation scenarios reveal the stock is overvalued by 31% under fairer growth assumptions, highlighting the market's aggressive pricing.
AppLovin Corp (NASDAQ: APP) — a company providing a full suite of solutions for mobile app developers, including marketing, monetization, and analytics — recently posted strong quarterly results. The company reported earnings of $1.73 per share on revenue of $1.37 billion for Q4, surpassing analyst expectations of $1.24 per share on $1.26 billion in revenue.
AppLovin Corporation (NASDAQ:APP ) Q4 2024 Earnings Conference Call February 12, 2025 5:00 PM ET Company Participants David Hsiao - Head, Investor Relations Adam Foroughi - Co-Founder, Chief Executive Officer & Chairperson Matt Stumpf - Chief Financial Officer Conference Call Participants Clark Lampen - BTIG Ralph Schackart - William Blair Jason Bazinet - Citi Vasily Karasyov - Cannonball Rob Sanderson - Loop Capital Jim Callahan - Piper Sandler James Heaney - Jefferies Chris Kuntarich - UBS Omar Dessouky - BofA Martin Yang - OppCo Alec Brondolo - Wells Fargo Arsenije Matovic - Wolfe Eric Sheridan - Goldman Sachs Bernie McTernan - Needham & Company David Hsiao Welcome to AppLovin's Earnings Call for the Fourth Quarter and Year ended December 31, 2024. I'm David Hsiao, Head of Investor Relations.
While the top- and bottom-line numbers for AppLovin (APP) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.