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APP · Analysis updated Nov 5, 2026, 10:36 AM ET
Why is AppLovin Corporation (APP) stock moving?
AppLovin's third-quarter revenue rose 55% to about $2.19 billion, ahead of the roughly $2.07-2.08 billion analysts expected, and adjusted earnings of $4.30 a share beat the $4.04-4.07 consensus. Net income climbed 72% to $1.44 billion and free cash flow (cash left after running and investing in the business) was $1.4 billion. The company forecast fourth-quarter revenue of $2.365-2.395 billion, well above the roughly $2.25 billion expected, and added $3.2 billion to its share buyback, bringing the total authorization to $3.6 billion. At about 10:27 AM ET the stock was $357.77, up 31.7% from $271.75.
News behind the analysis
- AppLovin stock soars after Q3 earnings, outlook beatRevenue $2.18B vs $2.07B expected; EPS $4.30 vs $4.04; Q4 revenue guidance $2.37-2.40B vs $2.25B expected; BTIG target raised to $450.
- Wedbush raises AppLovin stock price target to $600 on strong Q3Wedbush target to $600 from $560; EBITDA margin 84.3%; core gaming growth near 50% after a model update; Goldman target to $445.
- AppLovin Stock (APP) Pops on Solid Q3 Beat and Outlook; Goldman Raises Price TargetGoldman keeps Hold, target $445 from $400; $3.2B buyback increase; stock was down about 60% year to date before the report.
- What AppLovin (APP) Said on Its Q3 Earnings CallRevenue and EBITDA above the top of guidance; new model generation partly rolled out; e-commerce makes Q4 larger and Q1 tougher.
- AppLovin forecasts Q4 2026 revenue of $2.365B-$2.395B as model rollout continuesShares popped after results, relief for what had been the worst-performing S&P 500 stock of the year.
In the Daily Standout
- November 5, 2026: the Daily Standout +31.65%