AppLovin, Unity Software slide on report Edgewater flags mobile gaming slowdown

Unity Software

30/04/2025 16:14

** 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

(Reporting by Twesha Dikshit)

((Twesha.Dikshit@thomsonreuters.com))