AppLovin (APP) Stock: Why It Fell Over 6% Today

By Amit Chowdhry ● Aug 11, 2022
  • The stock price of AppLovin (APP) fell by over 6% pre-market today. This is why.

The stock price of AppLovin (APP) fell by over 6% pre-market today. Investors are responding to the company’s second-quarter results.

AppLovin reported a Q2 EPS of ($0.06), which was $0.21 lower than analyst estimates of $0.15. And the revenue for the quarter was $776 million compared to the consensus estimate of $839.67 million. 

In terms of guidance, AppLovin expects FY2022 revenue of between $2.84 billion and $3.14 billion compared to the consensus of $3.29 billion.