Applovin Shares Fall After Hours On 2Q Loss, Lowered FY Outlook

102
Comment
Favorite

Applovin Shares Fall After Hours On 2Q Loss, Lowered FY Outlook

Dow Jones2022-08-11

AppLovin Corp. shares dropped 10% to $36.40 in after-hours trading on Wednesday after the company said it swung to a loss in the second quarter.

The company, which makes tools for app developers to improve marketing and revenue generation, said it saw a loss of $21.7 million, or 6 cents a share, compared to net income of $14.4 million, or 4 cents a share, last year.

Total costs and expenses were $722.8 million for the quarter, up from $633.8 million a year ago.

Revenue was up 16% to $776.2 million.

The company also lowered its revenue outlook for the year to a range of $2.84 billion to $3.14 billion from its prior guidance of $3.14 billion to $3.44 billion.

On Tuesday, AppLovin proposed an unsolicited bid to buy Unity Software Inc. for an enterprise value of $20 billion at $58.85 a share.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

102

Report

Comment

Williamw
·2022-08-11
Ok
Reply
Like
Report
kkh02
·2022-08-11
Like
Reply
Like
Report
ChinSiang
·2022-08-11
Ok
Reply
1
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2258240962?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-08-11 07:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2258240962","market":"us","top_or_hot":-1,"title":"Applovin Shares Fall After Hours On 2Q Loss, Lowered FY Outlook","media":"Dow Jones","content":"<html><head></head><body><p>AppLovin Corp. shares dropped 10% to $36.40 in after-hours trading on Wednesday after the company said it swung to a loss in the second quarter.</p><p><img src=\"https://static.tigerbbs.com/f1c8b3540fd29b80be09199e9b66b913\" tg-width=\"830\" tg-height=\"620\" width=\"100%\" height=\"auto\"/></p><p>The company, which makes tools for app developers to improve marketing and revenue generation, said it saw a loss of $21.7 million, or 6 cents a share, compared to net income of $14.4 million, or 4 cents a share, last year.</p><p>Total costs and expenses were $722.8 million for the quarter, up from $633.8 million a year ago.</p><p>Revenue was up 16% to $776.2 million.</p><p>The company also lowered its revenue outlook for the year to a range of $2.84 billion to $3.14 billion from its prior guidance of $3.14 billion to $3.44 billion.</p><p>On Tuesday, AppLovin proposed an unsolicited bid to buy <a href=\"https://laohu8.com/S/U\">Unity Software Inc.</a> for an enterprise value of $20 billion at $58.85 a share.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Applovin Shares Fall After Hours On 2Q Loss, Lowered FY Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApplovin Shares Fall After Hours On 2Q Loss, Lowered FY Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n2022-08-11 07:15 北京时间&nbsp;&nbsp;&nbsp;<strong>Dow Jones</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AppLovin Corp. shares dropped 10% to $36.40 in after-hours trading on Wednesday after the company said it swung to a loss in the second quarter.The company, which makes tools for app developers to ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"","article_id":"2258240962","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2258240962","pubTimestamp":1660173355,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"AppLovin Corp. shares dropped 10% to $36.40 in after-hours trading on Wednesday after the company sa","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Applovin股价盘后下跌，因2Q亏损，下调了财政年度展望","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"AppLovin Corp. shares dropped 10% to $36.40 in after-hours trading on Wednesday after the company said it swung to a loss in the second quarter.The company, which makes tools for app developers to improve marketing and revenue generation, said it saw a loss of $21.7 million, or 6 cents a share, compared to net income of $14.4 million, or 4 cents a share, last year.Total costs and expenses were $722.8 million for the quarter, up from $633.8 million a year ago.Revenue was up 16% to $776.2 million.The company also lowered its revenue outlook for the year to a range of $2.84 billion to $3.14 billion from its prior guidance of $3.14 billion to $3.44 billion.On Tuesday, AppLovin proposed an unsolicited bid to buy Unity Software Inc. for an enterprise value of $20 billion at $58.85 a share.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9907882925,"gmtCreate":1660176098469,"gmtModify":1703478685985,"author":{"id":"3572240910775763","authorId":"3572240910775763","name":"Williamw","avatar":"https://static.tigerbbs.com/ecafced5a6c16b176940098e09cf69b6","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907882925","repostId":2258240962,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9907831737,"gmtCreate":1660175149031,"gmtModify":1703478648978,"author":{"id":"3582020875003566","authorId":"3582020875003566","name":"kkh02","avatar":"https://static.tigerbbs.com/728bcfdc98b492121bdb994273befcc0","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907831737","repostId":2258240962,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9907176509,"gmtCreate":1660173683903,"gmtModify":1703478602326,"author":{"id":"3558227267679552","authorId":"3558227267679552","name":"ChinSiang","avatar":"https://static.tigerbbs.com/f0bc36d4e7d4a75a4919f6090d283238","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907176509","repostId":2258240962,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":102,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}