AppLovin Shares Plunge After Q2 Results Slightly Miss Street Expectations
AppLovin shares fell sharply in after-hours trading following second-quarter results that, while showing strong year-over-year growth, failed to meet the high expectations baked into the stock. Revenue rose 53% to $1.92 billion but missed the roughly $1.94 billion consensus. Adjusted EBITDA of $1.61 billion also lagged estimates, even as reported E…