APP

AppLovin's stock price has experienced significant volatility and a notable decline over the past six months, falling approximately 19.70% in six months and 53.87% year-to-date as of September 24, 2026, with the share price on September 18, 2026, at $308.06, a 52.58% decline from $649.59 on September 19, 2025. Key events impacting the stock include a Q2 2026 earnings miss where revenue and adjusted EBITDA fell short of guidance, leading to a 19.7% stock decline; a retracted short-seller report in early 2026 alleging ties to criminal syndicates for a pre-IPO investor; negative external developments like Google's Project Genie; analyst downgrades and concerns about the MAX platform's market share expansion and decelerating revenue growth amid rising competitive threats; and multiple securities class action lawsuits alleging misrepresentations about AI models. Conversely, a Citi report on September 21, 2026, highlighted robust growth in its global e-commerce client base, causing shares to rise over 5%, and GuruFocus' GF Value™ metric suggests the stock is significantly undervalued.