After-Hours Movers Led by GitLab Restructuring, Hims and Webtoon Misses

CNBC reported Monday that several high-profile names posted sharp after-hours declines, with GitLab CEO Bill Staples unveiling a sweeping corporate overhaul that sent shares down roughly 8%.

GitLab Unveils Deep Restructuring Around Agentic AI

The software company’s plan touches nearly every corner of its organisation. GitLab said it intends to cut the number of countries it operates in by up to 30%. Up to three layers of management will also be removed. Research and development will be reorganised into approximately 60 smaller, more focused teams. The company also plans to embed agentic AI more deeply into its internal workflows. Staples did not disclose a headcount figure or an expected cost impact. Those specifics are expected when the company reports full earnings on June 2. The breadth of the changes unnerved investors even before a dollar figure was attached.

Also Read: What Is Agentic AI and Why Are Companies Restructuring Around It?

Hims and Webtoon Miss Badly on Forward Guidance

Hims and Hers Health dropped more than 6% after the telehealth platform issued a current-quarter adjusted EBITDA outlook of $35 million to $55 million. Analysts surveyed by LSEG had pencilled in $70 million. The gap between company guidance and Street expectations was unusually wide and drove immediate selling pressure. Webtoon Entertainment fell even harder, losing around 15%. The digital comics platform’s second-quarter revenue forecast of $332 million to $342 million trailed the $348 million analyst consensus. Its adjusted EBITDA projection of zero to $5 million also fell well short of the $12.1 million the market anticipated. First-quarter revenue of $320.9 million additionally missed estimates by a narrow margin.

Background: A Tough Earnings Season for Growth Names

This wave of misses continues a broader pattern of growth-oriented companies struggling to meet elevated expectations. The S&P 500 has recovered sharply in recent weeks from April’s tariff-driven selloff, pushing consensus estimates higher and leaving less room for error. Companies that guided conservatively during the uncertainty now face analyst models recalibrated for a calmer macro backdrop.

Other Notable After-Hours Moves

AST SpaceMobile dropped close to 9% after first-quarter losses came in wider than expected. The satellite developer did reaffirm its full-year revenue range of $150 million to $200 million, which brackets the Street consensus. Cleanspark fell nearly 5% on a second-quarter loss of $1.52 per share against an expected loss of 56 cents, with revenue of $136.4 million also missing the $145.4 million target. Mara Holdings shed 5% after a first-quarter loss of $3.31 per share more than doubled analyst estimates of $1.51. On the positive side, infrastructure consultancy Aecom added 2% after lifting its full-year adjusted earnings guidance and posting a revenue and earnings beat for the second quarter.

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