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 attributed the revenue miss to slower-than-expected improvements in its AI-powered advertising models. The company still achieved a 53% year-over-year revenue increase, but the timing of model enhancements delayed stronger performance until after the quarter ended. Following the report, Piper Sandler downgraded Applovin's stock to neutral and cut its price target, reflecting uncertainty about future growth momentum.
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 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...
JPMorgan Chase CEO Jamie Dimon highlighted concerns about elevated and partly hidden leverage in financial markets, with margin debt at record highs and additional borrowing through hedge funds, prime brokerages, and leveraged ETFs. This hidden lever...
