Daily newsletter · Mon 9 Nov 2026
AppLovin rose 71% in five sessions during the market's worst week since April 2025
AppLovin closed at US$391.22 on Friday after rising in every session of the week, a cumulative gain of 71.2%. It started the week at its 52-week low of US$228.50, set on 30 October.
The September quarter did most of the work. Revenue reached US$2.185 billion, up 55% on a year earlier. Net income was US$1.439 billion, up 72%, a margin of 66%, and diluted earnings came in at US$4.30 a share against the US$4.04 analysts expected.
The forecast did the rest. AppLovin guided December-quarter revenue to between US$2.365 billion and US$2.395 billion, against the US$2.25 billion analysts had pencilled in. The company sells the software that picks which advert appears inside a mobile game, and takes a cut of what the advertiser pays.
The share price had been taken apart all year. AppLovin is down from a 52-week high of US$733.60, and has fallen nearly 60% in 2026 across two earnings-day drops of close to 20%, short-seller allegations it denies, and securities fraud suits.
Friday's close still leaves AppLovin 46.7% below its 52-week high, so a 71% week has repaired about half of one bad year. I'd want to see a second quarter like this one before calling the argument over the numbers settled.
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