AppLovin Corporation's stock fell nearly 47% despite solid financial results, prompting an upgrade to Strong Buy. In Q2 FY26, AppLovin posted 52.8% year-over-year revenue growth to $1.92 billion, driven by higher-value customers and strong net revenue per installation. Net income rose to $1.27 billion and EBITDA reached $1.61 billion, indicating strong profitability. Management forecasts Q3 revenue of $2.07 billion and EBITDA between $1.71 billion and $1.74 billion, supporting a positive near-term outlook for the company.
Despite the recent upgrade to Strong Buy, AppLovin Corporation's stock is down 1.37% on Pluang, trading at USD 268.72 as of Oct 22, 2026 01:21 WIB. The stock remains well below its 52-week high of USD 733.60, with a market cap of $91.18 billion and a typical hold time of 22 days on the platform.
