Applovin Shares Surge Post-Earnings
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mobile gaming businessCNBC
•Technology
Technology
Applovin shares pop on earnings beat as it announces sale of mobile gaming business

76% Informative
Applovin shares soared as high as 15% in extended trading after the company reported earnings and revenue that beat expectations and announced the sale of its mobile gaming business.
The advertising tech company will also obtain a roughly 20% ownership stake in Tripledot Studios , which makes mobile games like Sudoko Friends and Puzzletime .
The deal is expected to close in the second quarter of 2025 .
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