AppLovin stock trades at EUR 30.50 after a minus 0.94 percent day

Published on 09/29/2026 at 15:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AppLovin stock stood at EUR 30.50 at Lang & Schwarz on September 29, 2026, down 0.94 percent from EUR 30.79. Q2 revenue rose 52.8 percent to USD 1.92 billion.

Modernes Tech-Büro mit Entwicklern an Dual-Monitor-Workstations und Serverräumen im Hintergrund — AppLovin Corp. ISIN US03782L1017 zeigt Entwickler in einem modernen Software Büro mit Servern im Hintergrund, Illustration mit AI erstellt.

AppLovin stock (ISIN US03782L1017) stood at EUR 30.50 at Lang & Schwarz on September 29, 2026, at 3:33 p.m. CEST, down 0.94 percent from the prior close of EUR 30.79. The move comes as investors weigh rapid second-quarter growth against a revenue miss and a sharp reset in analyst expectations.

Revenue grows while estimates miss

According to MarketBeat on September 28, 2026, AppLovin generated second-quarter revenue of USD 1.92 billion, up 52.8 percent from the year-earlier period. The figure fell short of the USD 1.94 billion analyst expectation, while reported EPS of USD 3.76 matched consensus.

The same report places the result in a demanding growth profile: AppLovin's quarterly revenue expanded by USD 660.0 million from the comparable period, based on the reported 52.8 percent increase. The company operates software for mobile-app user acquisition, advertising, monetization and measurement, with AXON, MAX and AppDiscovery among its named products.

Price targets reset lower

As Investing.com reported on September 14, 2026, Morgan Stanley reduced its AppLovin price target from USD 650.00 to USD 450.00 and kept an Overweight rating. The analyst cited valuation and expected deceleration in the gaming advertising business as it matures.

MarketBeat listed a consensus target of USD 529.39 and a Moderate Buy consensus on September 28, 2026. That gap between the consensus target and Morgan Stanley's revised view shows why the next operating update matters more than a single session move.

Legal deadline adds a risk marker

A Morningstar report carrying a September 24, 2026 PR Newswire release said a securities class action alleges that AppLovin overstated the reliability of its AI advertising models. The court set November 16, 2026 as the lead-plaintiff deadline, making that date a concrete risk checkpoint for the stock.

AppLovin's business remains centered on advertising software rather than a single consumer application. Its website describes tools that connect advertisers with mobile-game audiences, a model that makes revenue growth, advertiser retention and AI product execution central to the investment debate.

AppLovin stock remains volatile

The Lang & Schwarz quote shows EUR 30.50 at 3:33 p.m. CEST on September 29, 2026, versus EUR 30.79 at the prior close. The Nasdaq-listed company had a market capitalization of USD 103.0 billion on September 29, 2026, while its 52-week range was USD 297.50 to USD 738.01.