Applovin Stock Soars After Q3 Earnings Report: Revenue Beat, EPS Beat, Strong Software Platform Growth

Applovin Corp (NASDAQ:APP) shares are ripping higher in Wednesday’s after-hours session on the heels of the company’s third-quarter financial results. Here’s a rundown of the report.

Q3 Revenue: $1.2 billion, versus estimates of $1.13 billion

Q3 EPS: $1.25, versus estimates of 94 cents

Total revenue was up 39% year-over-year. Software platform revenue increased 66% year-over-year, while Apps revenue grew 1%. Cash flow from operations was $551 million in the quarter and free cash flow came in at $545 million. Applovin ended the quarter ...