AppLovin shares were down 54% year to date as of Sept. 23, when they traded at $315; they had peaked at $733 at the end of 2025. The Motley Fool cites a quarterly revenue miss and slower-growth concerns, and says investors may wait for Q3 results and the Q4 outlook.
In its latest quarter, revenue rose 53% to $1.92 billion, below analysts’ $1.95 billion estimate, while earnings per share climbed 57% to $3.76, in line with estimates. AppLovin forecast Q3 revenue of $2.055 billion to $2.085 billion, against a cited analyst estimate of $2.8 billion, and adjusted EBITDA of $1.73 billion, below the $1.75 billion estimate.
Edgewater Research said Q4 year-over-year revenue growth could slow to 8%-9%, citing MAX ad-auction software nearing a “functional ceiling” and competition compressing net revenue spreads. A securities-fraud class action alleges AppLovin misrepresented the strength, viability and development of its AI business and products. AppLovin trades at 16 times forward earnings, compared with nearly 80 times at the end of 2025. Most analysts rate the stock a buy, with a $500 median price target, which the article says represents 58% upside.
