AppLovin Posts Mixed Q2; Focus Shifts To Non-Gaming Business
AppLovin shares tanked 20% after the company reported disappointing Q2 results. Analysts cut price targets but maintain Buy ratings.
AppLovin's gaming business didn't do as well as people hoped this quarter, so the stock price dropped. Investors can watch if the company's newer non-gaming business starts growing stronger, which would show if the company is fixing its problems.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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