Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Recap: AppLovin Q1 Earnings

AppLovin (NASDAQ:APP) reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:05 PM. Here’s what investors…
byBenzinga Insights
May 10, 2023
1 minute read
Total
0
Shares
0
0
0
0
0
0

AppLovin (NASDAQ:APP) reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:05 PM.

Here’s what investors need to know about the announcement.

Earnings

AppLovin missed estimated earnings by 114.29%, reporting an EPS of $-0.01 versus an estimate of $0.07.

Revenue was up $89.98 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.26 which was followed by a 27.05% increase in the share price the next day.

Here’s a look at AppLovin’s past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.05 0.07 0.20 -0.08
EPS Actual -0.21 0.06 -0.06 -0.31
Revenue Estimate 689.86M 732.11M 839.67M 819.33M
Revenue Actual 702.31M 713.10M 776.23M 625.42M

To track all earnings releases for AppLovin visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Multi-Banner Cannabis Retailer’s Q3 Revenue Slumps Over 42% YoY But CEO Remains Optimistic

By Jelena Martinovic
January 3, 10:22 AM
Shiny Health & Wellness Corp. has reported a decrease in sales to CA$ 4.3 million ($3.2m million) for the three months ending October 31, 2023, down from CA$ 7.46m the previous financial year. The decline was attributed to market trends in the Ontario cannabis retail sector throughout the period, the pharmaceutical company said. Shiny Health also closed underperforming adult-use cannabis dispensaries and sold a number of larger stores. The Toronto-based firm recently inked an agreement with Karan S. Holla for his chain of 10 adult-use cannabis retail outlets, Stash & Co. CEO Meris Kott said Shiny Health was gradually building its brand presence in Ontario. The pharma company revealed that it made a CA$ 6m net loss for the quarter, an uptick from the CA$ 1.75m loss in the corresponding period the year before.

TSXV:SNYB