$APP

AppLovin (NASDAQ:APP) reported Q2 results Aug. 5, with revenue up 53% to $1.92B and adjusted EBITDA up 58% to $1.61B (84% margin). Net income was $1.27B. The SEC ended a previously announced inquiry with no action. Despite growth, revenue missed consensus by under 1%, and Bank of America cut APP to Neutral, citing higher risks to its 30% long-term growth forecast and uncertainty about AXON’s self-improving durability.

AppLovin (APP) and SoundHound AI (SOUN) are compared on revenue growth. AppLovin reported a 66% net income margin for the quarter ended June 30, 2026, and its Q2 revenue of $1.9B missed expectations, contributing to a move to a 52-week low of $303.17. SoundHound reported a -69% net margin and forecast 2027 sales of $350M-$400M after acquiring LivePerson.

Tiger Global Management, per its SEC 13F for Q2 2026, reported $23.98B in U.S. stocks across 46 holdings as of June 30. The fund trimmed top positions including Alphabet, Broadcom, Nvidia, and TSMC, and fully exited AppLovin and Zillow. It added new AI-chip bets in Cerebras (~$660M) and AMD (~$392M), increased Intel (~$365M), and initiated Seagate (~$275M) and Visa (~$274M).

JPMorgan discussed AppLovin’s outlook after the company’s Q2 revenue missed the guidance midpoint and its Q3 revenue outlook of $2.055B to $2.085B (46% to 48% YoY) fell short of expectations. JPMorgan estimates strong ad-tech shares and set a Dec 2027 price forecast of $400. APP closed Thursday at $312.67.

Insider Monkey reports Jim Cramer questioned AppLovin (NASDAQ:APP) after its Q2 results. Shares fell 19.7% on Aug. 6. AppLovin posted $1.92B revenue and $3.76 EPS, missing revenue estimates of $1.94B. CEO cited AI ad tech expansion into eCommerce. Bulls cite 53% annual growth and 80%-85% EBITDA margins; bears cite slowing growth and valuation debate.

After July PPI came in flat m/m and CPI rose 0.1% m/m with annual inflation cooling to 3.4%, investors priced in a less aggressive Fed stance, lifting software and data stocks. Wix rose 5.5% (to $73.57), AppLovin 1.9%, Manhattan Associates 0.4%, Strategy 0.6%, and Oracle 0.8%.

Stocks ended lower ahead of Wednesday’s CPI. Oil fell briefly after Pakistan said the US and Iran are close to an arrangement to reopen the Strait of Hormuz, but Iran said it would keep it shut until conditions are met. Treasuries rose on CPI anticipation. Notable movers included DDOG, ADBE, ORCL, KKR, APO, and ONON after weak sales; AMTM cut guidance; RPD raised EPS outlook.

Fiverr (FVRR), AppLovin (APP), and GoPro (GPRO) hit 52-week lows after weaker Q2 results and analyst downgrades. Fiverr fell to $8.60; Q2 revenue was $97.8M (-10% YoY) and it cut full-year guidance to about $364M. AppLovin slid after BTIG cut its target to $408. GoPro dropped to $0.57 after Q2 revenue fell 31% to $105M.

Markets were mostly higher as investors weighed President Trump’s harder stance toward Iran, reducing expectations for a near-term deal to reopen the Strait of Hormuz. Oil, Treasury yields, and European bonds moved accordingly. US movers included ASML, KLA, Rapid7 (raised EPS forecast), Jabil (UBS upgrade), and Riot Platforms (cloud deal).

US President Trump signaled he may allow economic pressure on Iran to build instead of adding military strikes, amid renewed Middle East risks including a missile attack on a UAE tanker and a Houthi claim on Saudi Arabia’s Jazan refinery. Markets are mixed, with rate-hike odds for the FOMC and ECB and bond yields moving lower. Several US stocks rose on earnings or upgrades, including CAH, RPD, and RIOT; others fell, including ONON and APP.