AppLovin Shares Climb 26.18% Intraday to Reach $342.07

AppLovin reported Q3 2026 revenue of $2.18bn, up 55% YoY, driven by new ad models. Net income rose 72% to $1.44bn. The company faces a securities class action alleging misleading investors. AppLovin expects slower growth of 43-44% in Q4 2026.

AppLovin reported Q3 revenue of $2.18B, up 55%, and CEO Adam Foroughi projected long-term annual growth of 30%. Analysts expect slower growth post-2026, with revenue estimates at $12.2B by 2028. The stock trades at 19x forward earnings, below its 3-year average of 30x, suggesting undervaluation according to management's outlook.

AppLovin (APP) rose 8% to $386.05, extending a 31% post-earnings rally. Q3 2026 revenue hit $2.18B, up 55.5% YoY, beating estimates. The company forecast Q4 2026 revenue between $2.365B and $2.395B. Analysts raised price targets, with an average at $461.70. Unity (U) climbed 7%, while The Trade Desk (TTD) dipped 0.6%.

AppLovin (APP) stock rose 31% to $356.10 after Q3 earnings beat expectations with revenue of $2.18B and EPS of $4.30. Q4 guidance was set at $2.37B-$2.40B, exceeding estimates. The company also increased its buyback authorization by $3.2B. Analysts' average price target is $448.

AppLovin (APP) stock rose 31% to $356.10 after Q3 earnings beat expectations, with revenue of $2.18B and EPS of $4.30. Q4 guidance was above estimates, and the company increased its buyback authorization by $3.2B. The stock slipped 1.7% in after-hours trading.

AppLovin (APP) shares rose 28% after reporting Q3 revenue of $2.18B, beating estimates. The company issued upbeat Q4 guidance, with revenue expected between $2.37B and $2.40B. Analysts raised price targets, with an average target of $461.70, implying 70% upside. The stock is down 43.7% YTD despite the gains.