The Zhitong Finance App learned that on Thursday, mobile advertising platform giant AppLovin (APP.US) plummeted by more than 20% to $333.71. According to financial reports, for the second fiscal quarter ending June 30, AppLovin achieved revenue of US$1.92 billion, an increase of 53% over the previous year, but it was still lower than analysts' previous estimate of US$1.94 billion. Adjusted earnings per share were $3.76, slightly exceeding market consensus of $3.75. Net profit reached US$1.27 billion, up 55% from US$820 million in the same period last year; adjusted EBITDA was US$1.61 billion, up 58% year on year. However, what alarmed the market was that this report card not only did not beat Wall Street expectations, but even fell short of AppLovin's own internal guidelines.
Zhitongcaijing · 1d ago
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The Zhitong Finance App learned that on Thursday, mobile advertising platform giant AppLovin (APP.US) plummeted by more than 20% to $333.71. According to financial reports, for the second fiscal quarter ending June 30, AppLovin achieved revenue of US$1.92 billion, an increase of 53% over the previous year, but it was still lower than analysts' previous estimate of US$1.94 billion. Adjusted earnings per share were $3.76, slightly exceeding market consensus of $3.75. Net profit reached US$1.27 billion, up 55% from US$820 million in the same period last year; adjusted EBITDA was US$1.61 billion, up 58% year on year. However, what alarmed the market was that this report card not only did not beat Wall Street expectations, but even fell short of AppLovin's own internal guidelines.
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