A financial report has broken investors' hearts! AppLovin (APP.US) plummeted 20% after its earnings report, hitting a new low not seen in over a year, and Wall Street collectively "slashed target prices."

According to Zhitong Finance APP, mobile advertising and application technology company AppLovin (APP.US) plummeted about 20% on Thursday, reaching its lowest level since July 2025, due to its earlier announcement that second-quarter revenue had unusually fallen short of market expectations. As a result, multiple analysts downgraded the stock's rating and lowered target prices.