AppLovin shows strong profits and growth potential despite market cap drop, with 49% EBITDA growth forecast.

AppLovin maintains solid financial health and profitability despite a 64% drop in market capitalization and slowing growth. The company's Q3 revenue and EBITDA guidance meet analyst expectations, projecting 49% year-over-year EBITDA growth with margins near 83%. Strong free cash flow at a 45% margin, aggressive share buybacks, and expansion into connected TV (CTV) and new business areas support a positive outlook. The analyst rates the stock as a Buy with at least 67% upside potential and may upgrade to Strong Buy if fundamentals continue to hold.

AppLovin's stock trades near its 52-week low on Pluang, priced at USD 268.05 with a 1.62% decline in the past day. Market sentiment appears cautious with 91% of order activity being sell orders as of Oct 21, 2026 21:13 WIB.