AppLovin Plans to Sell Mobile Games Unit for $900 Million

AppLovin Corp.’s stock, which surged more than 700% last year, jumped as much as 24% in after-hours trading. — AppLovin Corp.’s stock, which surged more than 700% last year, jumped as much as 24% in after-hours trading.
Photographer: Josh Edelson/AppLovin Corp.

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By Rachel Phua

February 12, 2025 at 9:52 PM UTC

Updated on

February 13, 2025 at 2:01 PM UTC

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AppLovin Corp. intends to sell its mobile games development arm to a private company for $900 million, company executives said yesterday during their conference call.

The company’s stock, which surged more than 700% last year, jumped as much as 30% in premarket trading after its first-quarter sales forecast surpassed expectations. Revenue next quarter will be $1.36 billion to $1.39 billion the company said, higher than the $1.32 billion consensus estimate.