Applovin Corp. shares were surging more than 15% in Wednesday’s extended session after the app-monetization company blew past expectations with its latest quarterly results.
Applovin APP, -1.88% also recorded adjusted earnings before interest, taxes, depreciation and amortization of $419 million, while analysts were looking for $355 million. “We are thrilled to announce our best quarter ever leading to very strong financial results,” Chief Executive Adam Foroughi said in a release.