From Nasdaq: 2024-08-05 13:10:00

AppLovin Corporation (APP) is set to report its second-quarter 2024 results on Aug 7, with the consensus estimate for earnings at 74 cents and revenues at $1.1 billion, showing significant year-over-year growth. The company has a history of surpassing earnings estimates and is expected to beat earnings this time around.

In the second quarter, AppLovin’s top line improvement is expected to be driven by increased Software Platform and Apps revenues, with estimates showing substantial year-over-year growth. The stock has experienced a correction, dropping 10.6% in the past three months. However, it is currently undervalued compared to industry peers.

Despite its impressive growth in the in-game mobile advertising space, investors should approach AppLovin with caution due to potential risks like a slowdown in advertising growth and uncertainties with non-gaming initiatives. The company’s stock has had a significant rally before the correction phase, so potential investors may want to wait for further developments.

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Read more at Nasdaq: AppLovin (APP) Stock Before Q2 Earnings: To Buy or Not to Buy?