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Why AppLovin Stock Was Up This Week

Demitri Kalogeropoulos, The Motley Fool
·2-min read
Why AppLovin Stock Was Up This Week

AppLovin (NASDAQ: APP) shares beat the market this week, rising over 20% through Thursday trading compared to a 1.3% decline in the wider market, according to data provided by S&P Global Market Intelligence. The latest rally was sparked by a fourth-quarter earnings update that showed stability in AppLovin's business. Sales for Q4 fell 11% to $702 million as many of its business lines remained pressured by slowing advertising spending and weaker in-game spending.

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