AppLovin (APP) Stock Falls 17% After Q2 Revenue Misses Wall Street Estimates

TLDR

• AppLovin stock fell as much as 21% in after-hours trading after Q2 results.
• Q2 revenue came in at $1.92 billion, missing the $1.94 billion Wall Street estimate.
• EPS of $3.76 matched expectations and was up from $2.39 a year ago.
• Adjusted EBITDA of $1.6 billion came in below the company’s own guidance range.
• Q3 revenue guidance of $2.06 to $2.09 billion was roughly in line with the $2.07 billion consensus.

AppLovin stock dropped sharply on Wednesday after the company posted second-quarter results that fell short of Wall Street’s revenue expectations.

APPLOVIN $APP Q2’26 EARNINGS HIGHLIGHTS

🔹 Revenue: $1.92B (Est. $1.94B) 🔴; +53% YoY
🔹 EPS: $3.76 (Est. $3.72) 🟡
🔹 Adj. EBITDA: $1.61B (Est. $1.63B) 🔴; +58% YoY
🔹 Net Income: $1.27B (Est. $1.26B) 🟡; +55% YoY

Q3 Guide:
🔹 Adj. EBITDA: $1.71B-$1.74B (Est. $1.74B) 🔴
🔹… pic.twitter.com/v5jT03a86q

- Wall St Engine (@wallstengine) August 5, 2026

The stock was down as much as 21% in after-hours trading following the report, a steep reaction to what was a narrow miss on the top line.

… Continue reading the full article at the original source below.