Why did AppLovin (APP) stock move recently?

On 8/7/2026, AppLovin moved -18.0% — AppLovin fell after its Q2 report: revenue of about $1.92 billion (up ~53% year over year) came in just short of analyst estimates, and third-quarter revenue guidance was slightly below consensus, overshadowing strong profitability. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is AppLovin (APP) overvalued or fairly valued?

MarketChacha shows AppLovin's valuation in context — a trailing P/E of about 27.9, a forward P/E of about 16.1, a price-to-book of about 36.3 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does AppLovin's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.35×) from reported figures — education, not a rating.

What is AppLovin's revenue?

AppLovin reported revenue of $5.5B for FY2025, with net profit of $3.3B, per official filings.

What is the share price of AppLovin (APP)?

AppLovin last traded at $339.00 (-2.2% on the day), as of 8/10/2026 — a delayed quote shown for education, not investment advice.

AppLovin

APP · NASDAQ · Technology · United States

Snapshot

TickerAPP

ExchangeNASDAQ

SectorTechnology

IndustryAdvertising Agencies

CountryUnited States

Employees876

HeadquartersPalo Alto, United States

Websitewww.applovin.com

Filings tracked12

About AppLovin

AppLovin Corporation provides end-to-end artificial intelligence-powered advertising solutions for businesses in the United States and internationally. It operates through two segments, Advertising and Apps. The company offers Axon Ads Manager, a suite of marketing solutions that enables developers to automate, optimize, and manage marketing efforts; MAX, an in-app bidding technology that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform; and Wurl, a connected TV platform, which distributes streaming video for content companies, provides advertising and publishing solutions. It serves individuals, small and independent businesses, enterprises, advertisers and advertising networks, mobile app publishers, and indie studio developers. The company was incorporated in 2011 and is headquartered in Palo Alto, California.

Who owns it

Insiders14.4%
Institutions74.6%
Public & other11.0%

2,026 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.7.90%
Vanguard Capital Management LLC5.50%
FMR, LLC5.15%
State Street Corporation3.98%
Invesco Ltd.3.48%
Geode Capital Management, LLC2.39%
BAILLIE GIFFORD & CO2.13%
Vanguard Portfolio Management LLC1.95%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Profit has grown much faster than revenue while recent results carried sizeable one-off items — some of the profit growth may not repeat.

Cash conversion1.35×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend19.4% → 49.0%

Margin has expanded by about 29.6 points — the business is getting more profitable.

Return on equity156.2%

Latest ROE of 156.2% — capital is generating a healthy return.

Growth qualityrev 73% · PAT 206%

Profit has grown much faster than revenue while recent results carried sizeable one-off items — some of the profit growth may not repeat.

One-off items1 of last 3 yrs

Recent reported profit includes sizeable one-off / non-operating items — the underlying operating trend may differ from the headline.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $2.3B · EPS 4.59

Est. earnings growth +51.3%

Next fiscal year

Rev $10.5B · EPS 20.73

Est. earnings growth +19.7%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$5.5B

ROE

156.2%

Revenue CAGR (2y)

+72.5%

Profit CAGR (2y)

+205.7%

EPS (FY2025)

9.75

Net profit (FY2025)

$3.3B

Ask MarketChacha about APP

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Aug 7, 2026
AppLovin fell after its Q2 report: revenue of about $1.92 billion (up ~53% year over year) came in just short of analyst estimates, and third-quarter revenue guidance was slightly below consensus, overshadowing strong profitability.
source 1 ↗source 2 ↗· confidence: high
Aug 6, 2026
AppLovin sank after Q2 CY2026 revenue of about $1.92B narrowly missed the ~$1.94B estimate despite ~53% YoY growth; management flagged weaker in-quarter ad-model improvement and light Q3 guidance.
source 1 ↗source 2 ↗· confidence: high
Aug 4, 2026
AppLovin shares rose with broader market and sector momentum ahead of its Q2 earnings release scheduled for August 5; no company-specific catalyst or filing was reported today.
· confidence: low
Jul 27, 2026
AppLovin shares rose on sustained optimism around its AXON AI-powered advertising engine and expectations for software platform margin expansion as investors look ahead to the next earnings cycle.
source 1 ↗· confidence: medium
Jul 23, 2026
AppLovin shares declined more than the broader market amid ongoing investor concerns over AI-driven ad competition, short-seller pressure, and software sector disruption risks, with no new company-specific catalyst reported.
source 1 ↗source 2 ↗· confidence: medium
Jul 22, 2026
AppLovin shares fell amid ongoing pressure from competition in AI-powered advertising and a disputed short-seller report, as highlighted in coverage today.
source 1 ↗source 2 ↗· confidence: medium

Daily moves with the verified reason behind them. Education only — not investment advice.

On MarketChacha

Posts about APP

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$5.5B	$3.3B*	9.75	—	156.2%
FY2024	$3.2B	$1.6B	4.53	49.0%	145.0%
FY2023	$1.8B	$356.7M	0.98	19.4%	28.4%

* Net profit includes one-off / non-operating items (e.g. a settlement or accounting gain), so it doesn’t reflect operating performance — net margin is hidden for that period.

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$1.9B	$1.3B*	3.76	—
2026Q1	$1.8B	$1.2B*	3.56	—
2025Q3	$1.4B	$835.5M	2.45	59.5%
2025Q2	$1.3B	$819.5M*	2.39	—
2025Q1	$1.2B	$576.4M	1.67	49.7%
2024Q3	$835.2M	$434.4M	1.25	52.0%
2024Q2	$711.0M	$310.0M	0.89	43.6%
2024Q1	$1.1B	$236.2M	0.67	22.3%
2023Q3	$864.3M	$108.6M	0.30	12.6%
2023Q2	$750.2M	$80.4M	0.22	10.7%
2023Q1	$715.4M	$-4.5M	-0.01	-0.6%

* Net profit includes one-off / non-operating items (e.g. a settlement or accounting gain), so it doesn’t reflect operating performance — net margin is hidden for that period.

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Exhibits
SEC8/5/2026material
10-Q filing
SEC8/5/2026
8-K — Shareholder vote results
SEC6/5/2026material
8-K — Results of operations, Exhibits
SEC5/6/2026material
10-Q filing
SEC5/6/2026
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC4/7/2026material
10-K filing
SEC2/19/2026
8-K — Results of operations, Exhibits
SEC2/11/2026material

2025

8-K — Results of operations, Exhibits
SEC11/5/2025material
10-Q filing
SEC11/5/2025
8-K — Results of operations, Exhibits
SEC8/6/2025material
10-Q filing
SEC8/6/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.