Aug. 6 at 12:55 AM
AppLovin fell sharply in after-hours trading after reporting mixed Q2 2026 results that failed to meet the market's elevated expectations. Revenue rose 53% year over year to
$1.92 billion but missed analysts' estimates of roughly
$1.94 billion, while adjusted EBITDA of
$1.61 billion also came in below consensus. EPS of
$3.76 met or slightly exceeded expectations of
$3.75.
Investor sentiment weakened further after the company issued softer-than-expected Q3 guidance. AppLovin forecast Q3 revenue of
$2.055 billion to
$2.085 billion, with a midpoint of about
$2.07 billion, slightly below the consensus estimate of
$2.08 billion, while EBITDA guidance also missed Wall Street forecasts. Although Bank of America recently reiterated a Buy rating, citing continued growth in AppLovin's self-service e-commerce advertising platform, investors were looking for stronger signs of accelerating momentum.
$APP