AppLovin Q3: EPS of $4.31 and Revenue of $2.18B Both Come in Below Estimates
· 3h ago · Originally reported by GuruFocus
AppLovin reported third-quarter results that missed Wall Street expectations on both lines, with earnings per share of $4.31 and revenue of $2.18 billion falling short of analyst estimates. The figures come from a GuruFocus summary of the earnings report.
Why it matters
AppLovin is one of the largest players in mobile app advertising and a bellwether for programmatic demand, so misses against estimates can move sentiment across the ad tech sector.
Explain it like I’m new here
AppLovin, a big company that helps apps sell ads, made less money last quarter than the experts guessed it would — like a lemonade stand earning fewer coins than the neighbors predicted.
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