AppLovin Announces Third Quarter 2022 Financial Results
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AppLovin downgraded as mobile app ecosystem weakness prompts cautious tone at BofA
November 11, 2022 12:32 PM ESTAppLovin (NASDAQ: APP) was downgraded to Neutral by BofA on Friday, with the firm also slashing its price target on the stock to $17 per share from $35.
BofA analyst Omar Dessouky told investors in a research note that mobile app ecosystem weakness has prompted a more cautious tone.
AppLovin shares are up... More
AppLovin (APP) Misses Q3 EPS by 6c; Guides Lower
November 9, 2022 4:08 PM ESTAppLovin (NASDAQ: APP) reported Q3 EPS of $0.06, $0.06 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $713 million versus the consensus estimate of $741.21 million.
GUIDANCE:
AppLovin sees Q4 2022 revenue of $685-700 million, versus the consensus of $794.11... More
