-+ 0.00%
-+ 0.00%
-+ 0.00%
Zhitong Finance App learned that after the US stock market on Wednesday, mobile advertising giant AppLovin (APP.US) handed over a report card showing a sharp increase in profits, but faced a cold judgment from investors. The company's stock price plummeted more than 25% in after-hours trading because its second-quarter revenue was slightly below market expectations and the guidance given for the next quarter was not encouraging enough — even though its net profit for the quarter surged 55% year over year, the adjusted EBITDA margin remained around a rare 84%.
Share
Listen to the news
Zhitong Finance App learned that after the US stock market on Wednesday, mobile advertising giant AppLovin (APP.US) handed over a report card showing a sharp increase in profits, but faced a cold judgment from investors. The company's stock price plummeted more than 25% in after-hours trading because its second-quarter revenue was slightly below market expectations and the guidance given for the next quarter was not encouraging enough — even though its net profit for the quarter surged 55% year over year, the adjusted EBITDA margin remained around a rare 84%.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending