04:35 AM EST, 02/21/2025 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Celsius (CELH) shares were up nearly 33% in premarket activity Friday after the company overnight reported a beat on Q4 earnings and sales and announced the acquisition of Alani Nutrition.

The company reported Q4 adjusted diluted earnings late Thursday of $0.14 per share, versus $0.17 a year earlier.

Analysts polled by FactSet expected $0.12.

Revenue for the quarter ended Dec. 31 was $332.2 million, compared with $347.4 million a year earlier.

Analysts surveyed by FactSet expected $326.2 million.

The company also announced the acquisition of Alani Nutrition for $1.8 billion. When accounting for $150 million in tax assets, the net purchase price would be $1.65 billion, the company said.

The purchase price will be paid $1.28 billion in cash and $500 million in stock, plus a $25 million earn-out based on 2025 performance, Celsius said.

Celsius will use $900 million in debt and approximately $375 million in cash on hand to finance the acquisition.

The purchase is expected to close in Q2, Celsius said.