[US Stock AI Insurance Company Lemonade Q2 Earnings Report Shows Revenue Growth of 79% Year-on-Year, Stock Price Plummets Over 20% Today] BlockBeats News, July 29 — US stock AI insurance company Lemonade released its Q2 earnings report after the market closed yesterday. The report shows that the company’s revenue was approximately $294.4 million, a year-on-year increase of about 79%, slightly exceeding analysts' expectations of $291 million. Despite meeting or slightly exceeding expectations and reaffirming its profitability path, the market reaction was negative. Analysts pointed out that the market had previously set high expectations, the stock valuation was relatively expensive, and the CFO transition plan announced at the same time led to a sell-off of the stock. According to BIT (bit.com) market data, Lemonade's stock price has already dropped over 20% after opening today.