Earnings Results: AppLovin opts not to hike outlook amid strong growth, and shares rise

AppLovin Inc. shares rose in the extended session Wednesday after the company reported revenue above Wall Street estimates but held to its previous outlook as it said Apple Inc.’s crackdown on ad data had a “muted” effect on its business.

AppLovin Inc. shares rose in the extended session Wednesday after the company reported revenue above Wall Street estimates but held to its previous outlook as it said Apple Inc.’s crackdown on ad data had a “muted” effect on its business.