AppLovin stock falls 4.65 percent as October selloff deepens

Published on 10/04/2026 at 12:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

At USD 268.22 on October 2, AppLovin stock stood 63.7 percent below its 52-week high. Q2 revenue reached USD 1.924 billion, while the Q3 guide calls for USD 2.055-2.085 billion.

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AppLovin Corporation stock (ISIN US03831W1080) closed at USD 268.22 on Nasdaq on October 2, down 4.65 percent from the prior close. The decline extended a three-month slide of 49 percent as investors weighed slower growth expectations against the companys still-high profitability.

Stock stays near yearly low

AppLovin traded between USD 266.84 and USD 279.94 during the October 2 session, with volume of 8,862,212 shares. At USD 268.22, the stock stood 0.5 percent above its 52-week low of USD 266.84 and 63.7 percent below its USD 738.01 high.

The market capitalization was USD 90.1 billion as of October 2. Yahoo Finance reported that the stock had fallen 49 percent since early July, while the valuation reset followed a second-quarter revenue miss and a series of analyst target reductions.

Revenue grows as guidance rises

For Q2 2026, revenue reached USD 1.924 billion, up 52.8 percent year over year, while net income came to USD 1.267 billion and diluted EPS was USD 3.76. According to Yahoo Finance on October 2, revenue missed the USD 1.935 billion consensus and adjusted EBITDA came in at USD 1.614 billion against a USD 1.629 billion estimate.

Managements Q3 2026 guidance calls for revenue of USD 2.055 billion to USD 2.085 billion, equal to 46 percent to 48 percent year-over-year growth, with an adjusted EBITDA margin near 83 percent, according to Yahoo Finance on October 2. The guide puts execution in the next quarter at the center of the stock story.

Consensus remains above USD 500

The analyst consensus is Moderate Buy, based on three Strong Buy ratings, thirteen Buy ratings and eight Hold ratings. MarketBeat reported an average price target of USD 529.39, which is 97.4 percent above the October 2 closing price of USD 268.22.

The spread between strong operating growth and a weaker share price creates the central test for the next report. Q3 revenue must reach the USD 2.055 billion to USD 2.085 billion guidance range for the growth narrative to regain traction.

October 2 close sets the reference

AppLovin stock closed at USD 268.22 on Nasdaq on October 2, 2026, with a USD 90.1 billion market capitalization and a 52-week range of USD 266.84 to USD 738.01.