🟢 APP is trading 5.6% up today after crushing Q1 earnings estimates and raising guidance

APP is trading at $495 (+5.6%) in after-hours after the company reported Q1 earnings that significantly exceeded analyst expectations and provided a strong outlook.

• Revenue surged 59% YoY to $1.84B with diluted EPS of $3.56, while Adjusted EBITDA rose 66% following the successful expansion of the Axon AI engine.
• Management issued Q2 revenue guidance with a midpoint of $1.93B, signaling continued growth momentum in e-commerce and Connected TV (CTV) advertising segments.
• The surge from the $468.83 close aligns with a broader bullish trend in tech earnings, coinciding with a 2% gain in the NASDAQ.