AppLovin Stock Rockets Higher on Sale of Mobile Gaming Division
1. AppLovin sold its mobile game business for $400 million. 2. First quarter revenue reached $1.48 billion, exceeding analyst expectations. 3. Shares jumped over 13% in after-hours trading following the news. 4. The company anticipates $1.2 billion in ad revenue for Q2 2025. 5. Muddy Waters' allegations of 'scammy' practices still loom over the stock.