** Shares of mobile gaming ad platform AppLovin APP.O fall 7.9% to $266.11 after a report says Edgewater Research flags decelerating mobile gaming
** Video-game software maker Unity Software U.N slides 6% to $20.99
** thefly.com reports that Edgewater cut estimates for both companies
** Edgewater said mobile gaming macro environment "seems to be decelerating slowly" and flagged growing competition from Meta META.O and Alphabet GOOGL.O, according to the report
** Including session's moves, APP down 17.5% YTD and U down 5.3% YTD
(Reporting by Twesha Dikshit)
((Twesha.Dikshit@thomsonreuters.com))
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