04:24 PM EDT, 08/07/2024 (MT Newswires) -- AppLovin ( APP ) reported Q2 net income late Wednesday of $0.89 per diluted share, up from $0.22 a year earlier.

Analysts polled by Capital IQ expected $0.73.

Revenue in the quarter ended June 30 rose to $1.08 billion from $750.2 million a year earlier.

Analysts surveyed by Capital IQ expected $1.08 billion.

The company expects Q3 revenue of $1.12 billion to $1.14 billion. Analysts surveyed by Capital IQ expect $1.10 billion.

AppLovin ( APP ) shares fell 12% in recent after-hours activity.

Price: 59.99, Change: -8.20, Percent Change: -12.20