BUZZ-AppLovin shares surge due to profit growth in the third quarter

November 4 - **The marketing platform AppLovin (APP.O) saw its shares jump nearly 22% in after-hours trading to $326 after the company reported third quarter profit growth.

** AppLovin's net profit for the third quarter reached $1.44 billion, compared to $836 million in the same period last year.

** The company's third quarter revenue surged 55% to $2.19 billion.

** Out of 33 brokerages, 26 have a "buy" or higher rating on the stock and 7 rate it "hold"; the median target price is $440—data compiled by LSEG.

** As of the previous trading day's close, APP has fallen 59% so far this year.

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