AppLovin Jumps 20% After Beating on $2.18 Billion Revenue as Zillow Drops 16%
Updated
Updated · CNBC · Nov 4
AppLovin Jumps 20% After Beating on $2.18 Billion Revenue as Zillow Drops 16%
3 articles · Updated · CNBC · Nov 4
Summary
AppLovin surged more than 20% after hours after third-quarter revenue of $2.18 billion and adjusted EBITDA of $1.84 billion both topped Wall Street estimates.
Guidance drove several of the sharpest declines: Qualcomm fell nearly 6%, Expedia more than 7% and HubSpot over 8% despite earnings beats, as their outlooks disappointed investors.
Misses on key operating or profit metrics also hit Zillow, down more than 16%, Dutch Bros, down 19%, and Snap, down 7%, while MercadoLibre and Cava each fell after earnings shortfalls.
A few other beats still drew buyers, with Coherent up 7% and e.l.f. Beauty up more than 4%, but Fastly, Figma and Klaviyo slid even after topping estimates.
The after-hours moves underscored a familiar earnings-season pattern: results alone were not enough, with investors rewarding upside surprises and punishing weak forecasts or soft user and sales trends.