AppLovin reports Q4 revenue up 44% YoY to $1.37B, vs. $1.26B est., net income up 248%, ad revenue up 73%, and Q1 guidance above est.; APP jumps 27%+ after hours (CJ Haddad/CNBC)

AppLovin’s Q4 revenue rose 44% YoY to $1.37B, exceeding the $1.26B estimate, with net income up 248% and ad revenue up 73%. The company’s Q1 guidance also surpassed expectations. As a result, AppLovin’s shares surged over 30% in after-hours trading following the earnings report.

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