AppLovin Q2 revenue miss drags US software stocks lower

Intuit

06/08/2026 12:51

** Shares of U.S. software stocks fall premarket after AppLovin APP.O misses Q2 revenue estimates 
** The marketing platform's Q2 revenue of $1.924 billion missed analysts' average estimate of $1.935 billion - data compiled by LSEG 
** APP was down 19.3% at $336.99
** Other software stocks also fell, with Oracle ORCL.N down 2.2% and Salesforce CRM.N sliding 4.7%
** ServiceNow NOW.N fell 3.6%, Adobe ADBE.O shed 3.5% and Intuit INTU.O down 2.7%
** IShares Expanded Tech-Software Sector ETF IGV.N also down 2.7%

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)
 ((tharuniyaa@thomsonreuters.com))