AppLovin Shares Jump 20% Despite Q1 Earnings Miss as EBITDA Guidance Raised
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AppLovin (APP) Misses Q1 EPS by 23c, Revenue Misses, Cuts Revenue Guidance but Raises EBITDA
May 11, 2022 4:37 PM EDT(Updated - May 11, 2022 4:39 PM EDT)
AppLovin (NASDAQ: APP) reported Q1 EPS of ($0.31), $0.23 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $625 million versus the consensus estimate of $823.37 million.
GUIDANCE:
AppLovin sees FY2022 revenue of $3.14-3.44... More
