In today’s briefing:
- AppLovin Corporation: Extended Global Partnership with OPPO & Other Developments
- The Home Depot Inc.: Can It Bounce Back From This Dull Phase? – Key Drivers
- Unity Software Inc.: The Unity Industry Launch Could Be A Game Changer – Key Drivers
AppLovin Corporation: Extended Global Partnership with OPPO & Other Developments
- AppLovin delivered a mixed result in the recent quarter, with revenues above market expectations, but it failed to surpass the analyst consensus in terms of earnings.
- The management’s belief in the resilience of mobile gaming was validated, as the category remained stable even during uncertain economic times.
- The development of AXON 2, their advanced technology, has been a priority, with ongoing upgrades expected to bring significant revenue and cash flow improvements.
The Home Depot Inc.: Can It Bounce Back From This Dull Phase? – Key Drivers
- Home Depot delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as earnings expectations of Wall Street.
- However, despite these challenges, Home Depot observed strength in key spring-related categories, such as live goods and other garden-related products, where the weather was more favorable.
- Despite the challenges, Home Depot’s dedicated team prioritizes associates and customers, delivering value and service throughout the quarter.
Unity Software Inc.: The Unity Industry Launch Could Be A Game Changer – Key Drivers
- Unity Software delivered a mixed set of results for the previous quarter, with revenues above the analyst consensus.
- Unity believes AI is a positive force for the industry and its creators, leveraging the sustainable competitive advantages provided by its platform.
- We give Unity Software Inc. a ‘Hold’ rating with a revised target price.
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