App Store Fee Cuts Set To Boost Duolingo, Match, Bumble Earnings
Following recent legal setbacks for Apple Inc. AAPL regarding alleged monopolistic practices and new App Store fee policies driven by the EU’s Digital Markets Act (DMA), Bank of America Securities (BofA) analyst Curtis Nagle has re-evaluated the financial outlook for major subscription service companies.His updated analysis suggests that a reduction in app store fees, currently a significant cost of revenue, could provide a boost to the earnings of Duolingo, Inc. DUOL, Match Group, Inc. MTCH, and Bumble Inc ...