$APP Reports Mixed Q2 Results and Soft Q3 Guidance

AppLovin’s Q2 revenue came in slightly below expectations, while EPS beat estimates:
Revenue: $1.92B vs. $1.94B estimated
EPS: $3.76 vs. $3.67 estimated
EBITDA: $1.6B , in line with estimates
For Q3, $APP expects revenue of $2.07B versus $2.08B estimated, with EBITDA of $1.7B versus $1.8B expected.