Owning expensive growth cost you today: AppLovin closed down 19.9%, with Axon and Duolingo double-digit and near double-digit losers alongside it. The money rotated into AI hardware, where Astera Labs and Fabrinet both finished higher.
AppLovin :
APP
APP
Stock Data
$346.04
$10.37 (3.09%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
COMMUNICATION SERVICES
Industry
ADVERTISING AGENCIES
AppLovin Corp, based in Palo Alto, California, is a tech company that specializes in enhancing the marketing and monetization of mobile content. It offers a suite of software solutions aimed at advertisers and mobile app publishers, including tools for app discovery, in-app bidding, analytics, and connected TV platforms. AppLovin also develops and operates free-to-play mobile games, catering to a wide range of clients from individuals to large enterprises. Founded in 2011, the company has grown to play a pivotal role in the mobile advertising ecosystem.
Latest Activity
Revenue grew 53% year over year with adjusted EBITDA margin at 84%, while revenue came in just under expectations. Management guided Q3 revenue to $2.06 billion to $2.09 billion, and the 5 p.m. ET call tests the ad platform's margin trajectory.
AppLovin turned $10,000 into $152,760 while Trade Desk's same bet cratered to $2,274. The ad-tech sector's brutal divergence in three years.
Tech stocks split wide open as AppLovin and SanDisk cratered over 12% each while Salesforce and fuboTV rallied, exposing which names traders still want to own in a geopolitically volatile market.
Meta and Palantir surge past 8% as AI optimism sweeps tech, while FuboTV jumps 13% on sports streaming momentum. SanDisk tanks 10.5% in the late selloff.
All AppLovin Articles
126 Articles