Applovin Q2 Earnings: Revenue Miss, EPS Beat, Guidance Above Estimates And More
Portfolio Pulse from Adam Eckert
Applovin Corp (NASDAQ:APP) reported its Q2 earnings with a revenue miss but an EPS beat. The company provided guidance above estimates for Q3. Despite positive aspects, shares tumbled 8.84% in after-hours trading.
August 07, 2024 | 9:02 pm
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Applovin reported Q2 revenue of $1.08 billion, missing estimates slightly, but EPS of 89 cents beat expectations. The company provided strong Q3 guidance, yet shares fell 8.84% after hours.
Despite beating EPS estimates and providing strong Q3 guidance, the slight revenue miss and market reaction led to an 8.84% drop in after-hours trading. This indicates a negative short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100