AppLovin jumps after estimate-beating Q4 revenue forecast, higher Q3 results

AppLovin

06/11/2025 09:28

** Shares of marketing platform AppLovin APP.O climb 7.5% to $663.6 premarket

** APP forecasts Q4 revenue in the range of $1.57 bln - $1.6 bln, above analysts' average estimate of $1.55 bln, according to data compiled by LSEG

** "We believe the Q4 guide implies limited contribution from new Axon customers, which provides ample room for upside," Jefferies analysts say in a note

** APP reports Q3 rev of $1.41 bln, up 68% YoY and beats estimates of $1.34 bln

** Q3 EPS increases to $2.45 from $1.25 a year prior

** At least five brokerages raise PT on stock after results; median PT of 28 brokerages covering the stock is $730 - data compiled by LSEG

** As of last close, APP up more than 90% YTD, compared with a 15.5% gain in the S&P 500 .SPX

 (Reporting by Shashwat Chauhan in Bengaluru)

 ((Shashwat.Chauhan@thomsonreuters.com))