AppLovin reported Q2 revenue of $1.924 billion, up 53% year-over-year but slightly below the $1.94 billion expected by analysts, causing shares to fall over 24% in after-hours trading. Earnings per share matched estimates at $3.76, with net income rising 55% to $1.267 billion and adjusted EBITDA increasing 58% to $1.614 billion. The company generated strong cash flow and continued its share buyback program. For Q3, AppLovin expects revenue between $2.055 billion and $2.085 billion, signaling ongoing growth, with an adjusted EBITDA margin forecast around 83%.
Missouri voters decisively rejected Amendment 5, which would have ended the state's income tax and expanded sales taxes, due to concerns over tax burden shifts and program cuts. Etsy announced layoffs of about 220 employees, roughly 12% of its workfo...
AppLovin reported Q2 revenue of $1.924 billion, up 53% year-over-year but slightly below Wall Street's $1.94 billion estimate. Despite the revenue miss, the company posted strong earnings with diluted EPS of $3.76, adjusted EBITDA of $1.614 billion, ...
Applovin reported second-quarter earnings with revenue of $1.92 billion, slightly below the $1.94 billion expected by analysts, causing its shares to fall 18% in premarket trading. While earnings per share met expectations at $3.76, CEO Adam Foroughi...
AppLovin Corporation reported a strong quarter with 52.4% revenue growth and an 83.8% adjusted EBITDA margin, supported by a solid balance sheet with $3 billion in cash and $3.5 billion in debt. Despite these robust results, shares fell sharply due t...
Nasdaq futures fell 0.6% following disappointing earnings reports from tech companies AppLovin, Western Digital, and SanDisk, which saw their shares drop significantly in pre-market trading. Meanwhile, Dow Jones futures rose slightly, and S&P 500 fut...
