AppLovin Q2 Results: Solid Numbers, Soft Guidance, Sharp Sell-Off
Revenue rose 53% to $1.92B with solid profits, but a slight miss and soft Q3 guidance sparked the sell-off.
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Revenue rose 53% to $1.92B with solid profits, but a slight miss and soft Q3 guidance sparked the sell-off.
The non-binding bid values the rare obesity drugmaker at up to $134 a share.
Arm reported record Q2 revenue of $1.44 billion, up 27% year over year, driven by strong licensing growth and rising AI-related demand.
Record third-quarter results show AppLovin revenue up 55% to $2.18B and net income up 72% to $1.44B, alongside raised fourth-quarter guidance.
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