After-hours movers: Warner Bros, Zillow, AppLovin, Monster Beverage
After-Hours Stock Movers:
Warner Bros. Discovery (NASDAQ: WBD) declined 6.6% after reporting revenue that was below expectations. Network revenue and studio revenue both trailed estimates.
AppLovin (NASDAQ: APP) declined 10% after it reported lackluster second quarter results and guidance.
Dutch Bros Inc. (NYSE: BROS) declined 12% after it issued full year guidance that was below consensus. Management noted a volatile consumer backdrop.
Bumble (NASDAQ: BMBL) decline 25% after it cut its full year revenue outlook, while announcing plans to "reignite" user growth.
Beyond Meat (NASDAQ: BYND) rose 9% after it reported second quarter revenue that beat estimates.
Zillow Group, Inc. (NASDAQ: ZG) rose 9% after reporting solid second quarter results and naming a new CEO.
Monster Beverage (NASDAQ: MNST) fell 9% after missing estimates on the top and bottom line in the second quarter. Management said the United States and certain other countries experienced lower growth rates in the second quarter.