AppLovin shares fall about 20% despite 53% revenue growth

AppLovin's latest results showed revenue up 53% year over year, but the stock fell about 20% following the report, according to coverage from The Motley Fool and Yahoo Finance. The move extends a sharp drawdown in the advertising-technology company's shares, which the reports say have been cut roughly in half so far this year. The gap between headline growth and the share price reaction points to investor focus on guidance and expectations rather than reported top-line expansion.