AppLovin, Unity Software slide on report Edgewater flags mobile gaming slowdown
ReutersApr 30, 2025 3:14 PM
Shares of mobile gaming ad platform AppLovin APP.O fall 7.9% to $266.11 after a report says Edgewater Research flags decelerating mobile gaming
Video-game software maker Unity Software U.N slides 6% to $20.99
thefly.com reports that Edgewater cut estimates for both companies
Edgewater said mobile gaming macro environment "seems to be decelerating slowly" and flagged growing competition from Meta META.O and Alphabet GOOGL.O, according to the report
Including session's moves, APP down 17.5% YTD and U down 5.3% YTD
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