Business
AppLovin Stock Drops After Revenue Misses Estimates
AppLovin’s APP -19.66%decrease; down pointing triangle profit and revenue growth continued in the latest quarter but the advertising company said the results weren’t quite up to par with its standards.
The company, which provides software and AI solutions aimed at improving marketing and monetization of mobile apps, reported second-quarter revenue of $1.92 billion, up 53% year over year but toward the bottom end of the guidance range it had provided in May.
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