AppLovin falls after BofA lowers 2026, 2027 revenue and EPS estimates
APP•Shares fall after BofA cuts estimates
** Shares of marketing platform AppLovin APP.O plummet 10.3% to $454.57
** BofA Global Research lowers 2026, 2027 revenue and EPS estimates, assuming a more moderate initial ramp after the General Availability launch
** On June 22, APP launched the advertising engine to all advertisers, removing previous referral-only and waitlist restrictions
** Weekly data showed no clear uptick in eCommerce advertiser footprint after the GA launch - brokerage
** Says it is still too early to extrapolate the near-term trend as data covers only the first two weeks after the GA launch
