AppLovin Reports Strong Q2 Earnings Amid Investor Caution
Originally Published 5 months ago — by Investor's Business Daily
AppLovin beat Wall Street earnings and revenue expectations for Q2, with significant year-over-year growth, and provided a higher sales forecast for Q3. Despite the positive financial results, its stock declined slightly in after-hours trading, and the company continues to focus on its core marketing platform after selling its mobile gaming business. The stock is currently in a consolidation pattern with a potential buy point at 428.99.