- Prev close
- $330.17
- Day range
- $323.68 – $333.61
- Next earnings
- in 42 days
AppLovin’s +7.2% session looks stock-specific rather than market-driven, with the S&P 500 +1.6% and Nasdaq 100 +2.8% and peers mostly smaller. The move is not inconsistent with 60.6% revenue growth and 64.6% net margins, but the stock still carries a 2.50 beta and a 25.1 P/E, so the setup remains mixed.
APP
APPLOVIN CORP-CLASS A
As of Sep 21, 2026
63/100
Worth keeping an eye onHealth ScoreWhat drove the move
The primary driver looks stock-specific: APP was +7.2% while the S&P 500 was +1.6% and the Nasdaq 100 was +2.8%, so the broad tape does not explain the full move. Same-sector peers were mixed but generally smaller — PLTR +3.1%, CRM -0.6%, ADBE +0.2%, and DDOG +6.6% — which points to AppLovin outperforming its group rather than merely tracking it. The session also had a wide intraday range, from an open of $309.69 to a high of $336.94 before closing at $330.17, which suggests a strong, news-sensitive session rather than a dull index lift.
Volatility read
This looks like elevated but not out-of-character volatility for a high-beta name: beta is 2.50, so moves well above the market are normal, and the stock is still 55.7% below its 52-week high. The fundamentals are strong — revenue +60.6% YoY (TTM), latest quarter +52.8% YoY, EPS +84.7% YoY (TTM), gross margin +88.5%, operating margin +77.4%, and net margin +64.6% — so the business is not showing visible deterioration. But valuation is not cheap: PE 25.1, forward PE 21.1, and PEG 0.80, with PEG meaning P/E divided by growth only when growth is positive; here the growth is positive, so the ratio says the market is paying a moderate multiple for very fast expansion. That means strong growth is already part of the price, which makes both upside and downside moves larger than they would be for a slower, cheaper stock.
Earnings setup
The next earnings date is 2026-11-03. The facts provided do not include analyst consensus revenue or EPS forecasts for that print, so I cannot state what the market expects for the quarter beyond the existing trend: revenue +60.6% YoY (TTM), latest quarter +52.8% YoY, and EPS +84.7% YoY (TTM). The key questions likely center on whether growth stays above 50% in the latest quarter, whether margins remain at the very high TTM levels of gross +88.5%, operating +77.4%, and net +64.6%, and whether management confirms that monetization and ad demand are still scaling after a volatile three-month move of -29.7%. Prior-print reaction data are not included in the facts, so I cannot assess the stock’s historical earnings behavior from this set.
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