- AppLovin shares traded at $276.18, down 4.91% intraday, on pace for the lowest close since April 30, 2025 and a new 52-week closing low.
- The stock is down eight consecutive sessions and 16.35% over that stretch, the longest losing streak since February 27, 2025.
- APP is down 59.01% year-to-date and 62.35% from its all-time closing high of $733.60 set December 22, 2025, putting it on pace for its worst year since 2022.
- Q2 2026 revenue of $1,923.7 million rose 53% year over year but landed just below the $1.935 billion consensus, while adjusted EBITDA reached $1,613.8 million at an 84% margin and EPS of $3.76 beat the $3.67 forecast.
- Q3 2026 guidance calls for revenue of $2,055 million to $2,085 million and adjusted EBITDA of $1,710 million to $1,740 million, an implied margin near 83%.
- Management tied the Q2 shortfall to slower-than-normal ad-model improvement, with the next step-up in model performance landing just after the quarter ended; the slowdown is now the subject of a securities class action covering buyers from February 12 to August 5, 2026.
- Year-over-year revenue growth has fallen for three straight quarters, from 68.2% in Q3 2025 to 52.8% in Q2 2026, with Q3 2026 guided to 46% to 48%.
- The company held $3,053.3 million of cash against $3,515.1 million of long-term debt, with roughly $1.8 billion of buyback authorization remaining; Q2 operating cash flow was $869.0 million and free cash flow $863.3 million.
引述
“Would be lowest close since April 30, 2025, when it closed at $269.31”
“Currently down eight consecutive days; down 16.35% over this period”
“AppLovin stock is most likely to be derailed by slower progress in the company's ad models.”
“Management called the model work research and development, with no guarantee of a lift every three months.”
“You will see whether the slowdown is lasting in AppLovin's third-quarter revenue growth.”
“For the third quarter of 2026, the company guided to revenue of $2,055 million to $2,085 million and adjusted EBITDA of $1,710 million to $1,740 million, implying a margin of about 83%.”
“Adjusted EBITDA reached $1,613.8 million at an 84% margin, while net income was $1,266.5 million, or $3.76 per diluted share.”