AppLovin Dips Despite Near-Perfect Growth Score
TL;DR Summary
AppLovin reported Q2 revenue of $1.92B (up 53% YoY) but missed the $1.94B consensus, while EPS was $3.76 and net income rose 55% to $1.27B. Free cash flow hit $863M and EBITDA margin was 84%, with the Rule of 40 at 98. Management guided Q3 revenue to about $2.06-2.09B and about $551M in buybacks, but the stock fell roughly 17% in premarket trading.
- AppLovin Stock Falls 17% Despite a 98 Rule of 40 Yahoo Finance
- Applovin stock tanks on Q2 revenue miss CNBC
- AppLovin Asks For Patience As It Grows Its Ecommerce And Consumer Ads Business adexchanger.com
- AppLovin: A Dip We Were All Waiting For (Rating Upgrade) (NASDAQ:APP) Seeking Alpha
- AppLovin Says Second-Quarter Results Fell Short of Its Standards WSJ
Reading Insights
Total Reads
0
Unique Readers
5
Time Saved
10 min
vs 11 min read
Condensed
97%
2,067 → 63 words
Want the full story? Read the original article
Read on Yahoo Finance