US stocks surge | Q1 earnings exceed expectations, Applovin (APP.US) rises by over 15%

According to the Wisdom Financial APP, on Thursday, Applovin (APP.US) opened with a surge of over 15%, reaching $350.13. In terms of news, the company's first quarter performance exceeded expectations, and it announced the sale of its mobile gaming business. Quarterly revenue was $1.48 billion, higher than the market's expected $1.38 billion; net profit increased 1.5 times year-on-year, with earnings per share of $1.67, also beating the expected $1.45. The company stated that second quarter sales are expected to be between $1.2 billion and $1.22 billion, lower than the expected $1.38 billion. In addition, the company announced the sale of its mobile gaming business to Tripledot Studios for $400 million in cash, with the company retaining approximately 20% ownership of Tripledot Studios. The transaction is expected to be completed this quarter.