Applovin Corp reports results for the quarter ended June 30 - Earnings Summary

• Applovin Corp APP.OQ reported quarterly adjusted earnings of $2.39​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 89 cents. The mean expectation of seventeen analysts for the quarter was for earnings of $2.03 per share. Wall Street expected results to range from $1.72 to $2.39 per share.

• Revenue rose 16.5% to $1.26 billion from a year ago; analysts expected $1.27 billion.

• Applovin Corp's reported EPS for the quarter was $2.39​.

• The company reported quarterly net income of $819.53 million.

• Applovin Corp shares had risen by 8.0% this quarter and gained 16.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 23.6% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Applovin Corp is $470.00, about 19.6% above its last closing price of $377.93

This summary was machine generated from LSEG data August 6 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)