10 Firms Post Double-Digit Gains on Thursday

5. AppLovin Corporation (NASDAQ:APP)

AppLovin’s share prices jumped by 24 percent on Thursday to close at $471.67 apiece as investors gobbled up shares in the company following a remarkable earnings performance last year.

In a statement, APP said net income in the fourth quarter of the year expanded by 248 percent to $599 million from the $172 million registered in the same period last year, as revenues grew 44 percent to $1.37 billion from $953 million year-on-year.

In full-year 2024, net income soared 343 percent to $1.58 billion from $356 million year-on-year.

APP also expects revenues for the first quarter of the year to remain within the $1-billion level, and settle anywhere between $1.355 billion to $1.385 billion.