Advertisement
Singapore markets closed
  • Straits Times Index

    3,171.12
    -13.79 (-0.43%)
     
  • S&P 500

    5,088.80
    +1.77 (+0.03%)
     
  • Dow

    39,131.53
    +62.43 (+0.16%)
     
  • Nasdaq

    15,996.82
    -44.78 (-0.28%)
     
  • Bitcoin USD

    51,038.71
    -588.80 (-1.14%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,684.86
    -21.42 (-0.28%)
     
  • Gold

    2,040.80
    -8.60 (-0.42%)
     
  • Crude Oil

    76.18
    -0.31 (-0.41%)
     
  • 10-Yr Bond

    4.2600
    0.0000 (0.00%)
     
  • Nikkei

    39,233.71
    +135.01 (+0.35%)
     
  • Hang Seng

    16,634.74
    -91.12 (-0.54%)
     
  • FTSE Bursa Malaysia

    1,547.60
    -1.51 (-0.10%)
     
  • Jakarta Composite Index

    7,283.82
    -11.27 (-0.15%)
     
  • PSE Index

    6,891.49
    -21.72 (-0.31%)
     

Why AppLovin Stock Is Skyrocketing Today

Why AppLovin Stock Is Skyrocketing Today

Investors were eager to snatch up shares of AppLovin (NASDAQ: APP) after the company reported its fourth-quarter results. The company, which helps app developers monetize their apps with advertising, reported mixed results for the quarter, but investors reacted to the AppLovin's better-than-expected revenue guidance of the first quarter. AppLovin's fourth-quarter sales fell 11.5% to $702.3 million, but that was good enough to beat the consensus estimate of $689.9 million.