News about AppLovin

AppLovin shares have fallen more than half over the past year and trade at 20.0 times earnings, below Meta Platforms and Magnite. Over the latest four fiscal quarters, the company posted 60.6% revenue growth and kept 77.4% of revenue as operating profit, compared with 8.3% and 15.6% for Magnite. Revenue growth has slowed each quarter, from 68.2% in fiscal Q3 2025 to 52.8% in fiscal Q2 2026, and management guided for 46% to 48% growth in fiscal Q3 2026. The growth is driven by improved ad models that AppLovin is now selling to advertisers outside gaming, including through its Ads Manager platform. The article concludes that investors are not overpaying for AppLovin and says the fiscal Q3 2026 revenue report will be the key measure to watch.