04:19 PM EDT, 05/08/2024 (MT Newswires) -- AppLovin ( APP ) swung to Q1 earnings Wednesday of $0.67 per diluted share from a loss of $0.01 a year earlier.

Analysts polled by Capital IQ expected $0.55.

Revenue for the quarter ended March 31 was $1.06 billion, up from $715.4 million a year earlier. Analysts surveyed by Capital IQ expected $974.7 million.

The company said it expects Q2 revenue of $1.06 billion to $1.08 billion. Analysts surveyed by Capital IQ expect $1.01 billion.

AppLovin ( APP ) shares were up 8% in recent after-hours activity.

Price: 80.00, Change: +6.00, Percent Change: +8.11