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Applovin shares pop on earnings beat as it announces sale of mobile gaming business

CNBC
Summary
Nutrition label

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 .

VR Score

81

Informative language

84

Neutral language

73

Article tone

formal

Language

English

Language complexity

51

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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