00:00Applovin surged 31.07% today. What happened? Applovin runs an advertising platform that uses
00:09AI to help businesses place and improve digital ads, including ads that drive mobile game and
00:16consumer purchases. The stock jumped after Applovin reported record third-quarter earnings.
00:23The company said in an SEC filing that earnings per share came in at 4.3,
00:28above the 4.08 estimate. The filing also described record revenue and strong year-over-year growth,
00:37giving investors fresh financial results to digest when trading opened.
00:42This was a direct reaction to company-reported earnings, not an unconfirmed headline.
00:49Technology fell 7.96% today, so this move ran against its own sector.
00:55A new post-market recap every trading day.
