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Trade Desk slumps 28% on miss as downgrades mount, while peers stand firm
investing17 days ago

Trade Desk slumps 28% on miss as downgrades mount, while peers stand firm

The Trade Desk shares tumbled 28% after Q2 revenue of $715 million missed estimates and its Q3 outlook of at least $650 million fell short of consensus around $805 million, triggering a broad downgrade wave as analysts cite macro pressure on advertisers, execution issues and a shift to cheaper programmatic media; meanwhile AppLovin and Magnite showed relative strength, suggesting the weakness is company-specific rather than a wider ad-tech downturn.

via Yahoo Finance|
#ad-tech#applovin#downgrades
Applovin sinks after Q2 revenue miss as AI-adtech headwinds surface
business19 days ago

Applovin sinks after Q2 revenue miss as AI-adtech headwinds surface

Applovin posted a Q2 revenue miss with EPS of $3.76 (in line) and revenue of $1.92B vs $1.94B expected, sending the stock down about 17%. CEO Adam Foroughi attributed the miss to timing of AI-powered adtech model improvements as the company expands into e-commerce; revenue rose 53% year over year. Piper Sandler downgraded the stock to neutral and cut its price target from $665 to $385, noting uncertainty about the cadence of future beat/raise moves as management advances its AI-adtech strategy.

via CNBC|
#adtech#applovin#business
AppLovin Dips After Revenue Miss as AI Progress Slows, SEC Probe Closes
business19 days ago

AppLovin Dips After Revenue Miss as AI Progress Slows, SEC Probe Closes

AppLovin guided Q3 revenue of $2.055–$2.085 billion, below Wall Street estimates due to slower AI model improvements in its gaming ads and higher compute costs; Q2 revenue rose 53% to $1.924 billion with adjusted core profit of about $1.61 billion. CFO said the SEC probe into the company’s data practices has ended with no enforcement action. Shares fell up to 28% after-hours before trimming losses as investors weighed the muted guidance against the AI-growth narrative.

via Stocktwits|
#ai-models#applovin#business
AppLovin Shares Drop Amid SEC Data-Collection Probe
business10 months ago

AppLovin Shares Drop Amid SEC Data-Collection Probe

AppLovin's stock dropped significantly after Bloomberg reported that the SEC is investigating the company over its data-collection practices related to targeted advertising, amid allegations from short-sellers about potential violations and improper data extraction. Despite the investigation, the company has not been accused of wrongdoing, and its stock had previously surged due to AI-driven ad targeting technology.

via CNBC|
#ad-targeting#applovin#business
SEC Investigates AppLovin's Data Collection Practices
business10 months ago

SEC Investigates AppLovin's Data Collection Practices

The SEC is investigating AppLovin over its data-collection practices, specifically allegations of violating platform agreements to push targeted ads, leading to a significant drop in its stock price. The probe follows whistleblower complaints and short-seller reports accusing the company of unauthorized user tracking, though no wrongdoing has been officially charged yet.

via Yahoo Finance|
#advertising#applovin#business
AppLovin Shares Drop Amid SEC Data-Collection Investigation
business10 months ago

AppLovin Shares Drop Amid SEC Data-Collection Investigation

The SEC is investigating AppLovin over its data collection practices and alleged violations of platform partner agreements, leading to a significant drop in its stock price. The probe follows whistleblower complaints and short-seller reports accusing the company of unauthorized user tracking through fingerprinting, which the company denies. The investigation is ongoing, with no formal accusations yet, but it has impacted investor confidence and the company's market valuation.

via Bloomberg.com|
#advertising#applovin#business