AppLovin Corporation (APP) earnings on August 5, 2026
More AppLovin Corporation earnings
Prior outlook: Pessimistic Outcome: Accurate
AppLovin's stock fell sharply after earnings, closing down nearly 20% after analysts cut their price targets. The drop followed a brief intraday gain.
APP price around the earnings
335.67
Change: -19.6%
2026-08-06, 20:00 UTC
Start of the measured window
End of the measured window
303.80
343.87
383.93
424.00
417.62
August 5, 2026
August 6, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
- Results released
Heavy 30d selloff creates after a strong recent drop setup; strong analyst conviction and 100% beat rate provide fundamental anchor.
Context analyzed before publication
- Trend
- Heavy 30d selloff into earnings, with recent scores indicating increasing pessimistic sentiment and after a strong recent drop conditions.
Analysts
Evidence
- Analyst consensus
- Strong buy
- Consensus average (1-5)
- 1.41
- Analysts covering the stock
- 30
- Average price target
- 656.2
- Lowest price target
- 406
- Highest price target
- 860
- Upside to price target
- 57.1%
- Quarterly earnings growth
- 109.2%
- Revenue growth
- 59%
- Forward EPS
- 21.59
- Trailing EPS
- 11.49
- Analyst moves in the last 60 days
- 3
- Strong buy: 7
- Buy: 22
- Hold: 3
- Sell: 0
- Strong sell: 0
- Strong buy
- 7
- Buy
- 22
- Hold
- 3
- Sell
- 0
- Strong sell
- 0
- August 3, 2026 · UBS: Maintains rating (Buy → Buy)
- July 7, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
- June 29, 2026 · Raymond James: Initiates coverage (Strong Buy)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- High
- Normalized volume
- 99%
News
Sources (6)
- Applovin Stock is Wavering Ahead of Q2 Earnings Report (opens in a new tab) — Benzinga
- AppLovin Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call (opens in a new tab) — Benzinga
- AppLovin (APP) Stock Jumps Over 3% After Hours: Here's Why It Is Trending (opens in a new tab) — Benzinga
- Here's How Much $100 Invested In AppLovin 10 Years Ago Would Be Worth Today (opens in a new tab) — Benzinga
- UBS Maintains Buy on AppLovin, Raises Price Target to $798 (opens in a new tab) — Benzinga
- Here's How Much $100 Invested In AppLovin 15 Years Ago Would Be Worth Today (opens in a new tab) — Benzinga
Technicals
Evidence
- Price when the context was analyzed
- 419.82
- Average true range (ATR)
- 5.2%
- Distance to 52-week high
- -43.0%
- 14-day change (14d)
- -2.0%
- 30-day change (33d)
- -20.3%
- 30-day relative strength
- -21.9%
- QQQ change (33d)
- +1.6%
- Nearest support
- 418.59
- Distance to nearest support
- 0.3%
- Nearest resistance
- 422.53
- Distance to nearest resistance
- 0.7%
- Volume accumulation ratio (14d / 46d)
- 0.88
- Mid: 418.59 (0.3% away, 0.06 ATR, 30 touches)
- Mid: 411.63 (2% away, 0.37 ATR, 17 touches)
- Major: 406.65 (3.1% away, 0.6 ATR, 26 touches)
- Mid: 422.53 (0.7% away, 0.12 ATR, 14 touches)
- Mid: 426.29 (1.5% away, 0.3 ATR, 14 touches)
- Mid: 432.61 (3.1% away, 0.59 ATR, 26 touches)
Trends
Evidence
- Average earnings surprise
- +4.4%
- May 6, 2026: actual EPS 3.76 vs estimate 3.64 (surprise +3.5%)
- February 11, 2026: actual EPS 3.48 vs estimate 3.11 (surprise +11.9%)
- November 5, 2025: actual EPS 2.55 vs estimate 2.53 (surprise +0.6%)
- August 6, 2025: actual EPS 2.36 vs estimate 2.32 (surprise +1.7%)
Expected move
- Implied move
- +9.9%
- Source
- Options chain
Reactions over its last 19 earnings
- Median move
- 14.9%
- 75th percentile move
- 24.5%
- 90th percentile move
- 28.5%
- Up / down moves
- 14 / 5
- Average up move
- +20.4%
- Average down move
- -9.0%
Monitoring and close
What AppLovin Corporation reported
- Status
- Finished
| Actual EPS | 3.76 |
|---|---|
| EPS estimate | 3.67 |
| EPS surprise | +2.5% |
| Revenue | $1,924 million |
| Revenue estimate | $1,935 million |
| Revenue surprise | -0.6% |
AppLovin's second-quarter revenue missed expectations, though earnings met estimates. Shares fell over 20%. The outlook is pessimistic.
Sources (7)
- AppLovin (NASDAQ:APP) Misses Q2 CY2026 Revenue Estimates, Stock Drops 21% (opens in a new tab) — StockStory
- AppLovin reports second quarter revenue below Wall Street estimates (opens in a new tab) — Proactive
- AppLovin Stock Tumbles on Mixed Q2 Results (opens in a new tab) — Benzinga
- AppLovin Sees Q3 Sales $2.055B-$2.085B vs $2.068B Est (opens in a new tab) — Benzinga
- AppLovin beat earnings expectations with $3.76 per share, but revenue of $1.924 billion fell short of estimates. — Benzinga
- AppLovin Q2 EPS $3.76 Beats $3.67 Estimate, Sales $1.924B Miss $1.935B Estimate (opens in a new tab) — Benzinga
- Applovin Stock is Wavering Ahead of Q2 Earnings Report (opens in a new tab) — Benzinga
Pre-market second reading after the results
- Verdict
- Beat expectations
Heading into the open, results beat expectations on earnings but not on revenue, and the price is indicating -19.1% pre-market, a move in line with the stock's usual reaction (about 15%). The figures confirm the pessimistic scenario. In the 730 similar cases in our market history, the close held that direction 96% of the time.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -19.7%
- Max favorable move (MFE)
- 28.6%
- Max adverse move (MAE)
- 1.5%