Commodity Channel Index
|Bid||23.15 x 800|
|Ask||24.01 x 900|
|Day's Range||23.87 - 24.49|
|52 Week Range||9.14 - 44.76|
|Beta (5Y Monthly)||1.94|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 08, 2023 - Aug 14, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||24.68|
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Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades for Tencent Music, Snap, AppLovin, and Wynn Resorts. Tencent Music Entertainment (NYSE:TME) shares surged more than 8% after the company reported solid Q1 earnings and earned several upgrades, as InvestingPro reported in real time. Macquarie upgraded to Neutral from Underperform and raised its price target to $7.40 from $5.10, highlighting effective diversification and better margins.
BofA Securities analyst Omar Dessouky upgraded shares of Applovin to Buy from Neutral and increased his price target.
PacWest shares tumble after the bank says deposits declined last week, Goodyear Tire soars after receiving a letter from Elliott Investment Management that outlined the 'right path forward' for the tire maker, and Walt Disney posts a surprise quarterly drop in Disney+ subscribers.
Shares of mobile-app developer and software company AppLovin (NASDAQ: APP) soared higher on Thursday after the company released financial results for the first quarter of 2023. As of 10 a.m. ET, AppLovin stock was up 24%. In Q1, AppLovin generated revenue of $715 million, up 14% year over year and well ahead of management's guidance of $685 million to $705 million.
The mobile app technology company beat first-quarter revenue expectations and delivered positive guidance for the current quarter.
Welcome, everyone, to the AppLovin earnings call for the first quarter ended March 31, 2023. Joining me today to discuss our results are Adam Foroughi, our co-founder, CEO and chairperson; and Herald Chen, our president and CFO. Please note, our SEC filings, as well as our shareholder letter discussing our first quarter performance are available at investors.applovin.com.
AppLovin (APP) delivered earnings and revenue surprises of -120% and 3.15%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
PALO ALTO, Calif., May 10, 2023--AppLovin Corporation (NASDAQ: APP) ("AppLovin"), a leading marketing platform, today announced financial results for the quarter ended March 31, 2023 and posted a Shareholder Letter at investors.applovin.com.
Vivid Seats Inc. (SEAT) delivered earnings and revenue surprises of 150% and 15.79%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
NV5 (NVEE) delivered earnings and revenue surprises of 3.53% and 2.40%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
PALO ALTO, Calif., May 03, 2023--AppLovin Corporation (NASDAQ: APP) ("AppLovin"), a leading marketing platform, is bringing performance-based buying to connected TV (CTV) within its powerful mobile user acquisition platform, AppDiscovery. App marketers can now tap into massive CTV supply across hundreds of free ad-supported streaming TV (FAST) apps and 3,000+ channels from a single source of access and only pay for installs.
PALO ALTO, Calif., May 01, 2023--AppLovin Corporation (NASDAQ: APP) ("AppLovin"), a leading marketing platform, announced today that Google’s bidding open beta as an SDK buyer will be available to all publishers via AppLovin's MAX platform. Publishers who use MAX already benefit from the largest selection of network bidders and DSPs and can now take advantage of this powerful revenue opportunity, while driving operational efficiency and reducing technical overhead.
PALO ALTO, Calif., April 05, 2023--AppLovin Corporation, (NASDAQ: APP) ("AppLovin" or the "Company") a leading marketing software platform, today announced it will report financial results for the first quarter of 2023 on Wednesday, May 10, 2023 after the U.S. stock market closes.
Mobile marketing analytics suite Adjust today released its annual Mobile App Trends report, detailing upward momentum for e-commerce, fintech and gaming apps thus far in 2023, despite economic headwinds. While 2022 marked the industry's first ever slowdown, 2023 early indicators show a turnaround is already well underway — with mobile app installs trending upward in e-commerce (+4%), fintech (+13%), and gaming (+10%) against their 2022 averages.
With businesses under increased pressure to maximize marketing efficiencies, mobile marketing analytics suite Adjust today unveiled Pulse, a monitoring and alerting solution that empowers marketers with essential insights to know when to optimize their mobile campaign performance. Pulse enables marketers to easily create highly customizable alerts and reduce the noise of unhelpful updates so they can immediately focus on what matters.
Investors need to pay close attention to AppLovin (APP) stock based on the movements in the options market lately.
PALO ALTO, Calif., March 13, 2023--AppLovin Corporation (NASDAQ: APP) ("AppLovin"), a leading marketing platform, today issued the following statement regarding the closure of Silicon Valley Bank ("SVB") by the California Department of Financial Protection and Innovation ("CDFPI") and appointment of the Federal Deposit Insurance Corporation ("FDIC") as receiver of SVB.
UBS analyst John Hodulik downgraded AppLovin Corp (NASDAQ: APP) from Buy to Neutral and lowered the price target from $59 to $16. While the analyst thought AppLovin's software business is well positioned to benefit from growth in the app economy, he believed the macro uncertainty, measured ad spend, and lower visibility limits upside to shares. Hodulik reduced estimates to reflect stable sequential trends in software due to lower spending in the current environment, while apps saw gradually impr
PALO ALTO, Calif., February 16, 2023--Machine Zone, a global leader in mobile gaming, today announced the global launch of Final Fantasy XV: War for Eos, a free-to-play mobile strategy MMORPG where players jump into the action with Noctis, Luna, and their favorite FFXV characters. Players can expect epic character combat campaigns where they will build and customize empires, and go to war with and against other guilds to protect the Crystal and reign the Realm.
The most recent set of economic data paints a confusing picture. The jobs market remains strong, inflation remains stubbornly high, and the Fed is likely to stick to its guns on interest rates. But Goldman Sachs CEO David Solomon has made some recent comments that should help clarify the picture. We should expect that economic growth will be more sluggish in 2023, according to Solomon. In his view, China’s ongoing reopening will catalyze growth – but also bring additional inflationary pressures.
AppLovin (NASDAQ: APP) shares beat the market this week, rising over 20% through Thursday trading compared to a 1.3% decline in the wider market, according to data provided by S&P Global Market Intelligence. The latest rally was sparked by a fourth-quarter earnings update that showed stability in AppLovin's business. Sales for Q4 fell 11% to $702 million as many of its business lines remained pressured by slowing advertising spending and weaker in-game spending.
Investors were eager to snatch up shares of AppLovin (NASDAQ: APP) after the company reported its fourth-quarter results. The company, which helps app developers monetize their apps with advertising, reported mixed results for the quarter, but investors reacted to the AppLovin's better-than-expected revenue guidance of the first quarter. AppLovin's fourth-quarter sales fell 11.5% to $702.3 million, but that was good enough to beat the consensus estimate of $689.9 million.
Welcome, everyone, to AppLovin's earnings call for the fourth quarter and year ended December 31, 2022. Please note our SEC filings, as well as our shareholder letter discussing our fourth-quarter performance, are available at investors applovin.com. During today's call, we may be making forward-looking statements regarding future events, market expectations, or future financial performance of the company and the strategic review of our apps portfolio.
AppLovin (APP) delivered earnings and revenue surprises of -100% and 1.77%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?