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$FOUR Earnings Recap https://t.co/5zvpdWsWl0
$USFD Guidance: "Given our strong first half of the year and outlook for the remainder of 2024, we are reiterating our fiscal year 2024 net sales, adjusted EBITDA and adjusted diluted EPS guidance. Moving to modeling assumptions. For 2024, we continue to expect total case growth… https://t.co/AE8MfJTM0B
$FOUR Guidance: "For the full year 2024, we are further tightening our guidance range for end-to-end volume and now expect a range of $167 million to $172 billion, representing 53% and to 58% year-over-year growth. We are increasing our gross revenue less network fees range and… https://t.co/6Di7VZgQj5
AppLovin Corp ($APP) reported a strong second quarter earnings performance, with revenues up 44% year-over-year and EBITDA increasing by 80%. Despite an initial after-hours drop of 14%, the stock rebounded by 21% following positive management insights during the earnings call. The company anticipates third-quarter revenue between $1.115 billion and $1.135 billion, with adjusted EBITDA projected to range from $630 million to $650 million, targeting an adjusted EBITDA margin of 57%. CEO Adam Foroughi emphasized the growth potential of their software business, which is growing at 50% year-over-year, and highlighted the company's strong free cash flow generation and stock repurchase plans. Foroughi noted that at 13x Earnings, the company remains a good deal, with stock repurchases supported by 40% FCF margins.