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AppLovin Stock Surges After Hours on Q4 Guidance Beat

AppLovin beat Wall Street estimates for third-quarter revenue and earnings and guided fourth-quarter sales above the top of the analyst range, sending its shares sharply higher in after-hours trading.

AppLovin (NASDAQ: APP) shares surged about 18.2% in after-hours trading on Wednesday after the US ad-tech company beat third-quarter revenue and earnings estimates and guided fourth-quarter revenue above the top of the analyst range. The company published its results after the US market closed.

The stock closed today’s regular session up 10.7% at $271.75, before the 4:05pm ET release, so that gain was not a reaction to the results. It had closed at $245.51 on Tuesday and at $228.50 on Friday, its lowest close since 1 May.

APP.US

Revenue for the quarter to 30 September rose 55% to $2,184.8m from $1,405.0m a year earlier. The consensus average, from 22 analysts, was $2.07bn, so the result was roughly $115m, or 5.5%, above it.

Diluted earnings per share were $4.30, against $2.45 a year earlier and an analyst average of $4.03 from 18 analysts. That is $0.27, or 6.7%, above the average, though the highest estimate was $4.53.

Net income rose 72% to $1,438.9m, lifting net margin to 66% from 59%. Adjusted EBITDA, an earnings measure that strips out some costs, rose 59% to $1,842.2m on an 84% margin, up from 82%. There is no consensus for it, so there is no beat or miss to report. Free cash flow was $1,418.4m, against $1,049.0m. AppLovin bought back 4.1m shares for $1.4bn in the quarter, and its board raised the buyback authorisation by $3.2bn to $3.6bn as of the end of October.

Line chart of AppLovin daily share price from May to November 2026
AppLovin shares jumped 10.7% to close at $271.75 on 4 November 2026 ahead of earnings, clawing back some ground after sliding from a June peak near $614.

The guidance is what stands out. AppLovin expects fourth-quarter revenue of $2,365m to $2,395m, a midpoint of $2,380m. That is about 5.8% above the consensus of $2.25bn from 23 analysts, and the low end sits above the highest estimate of $2.36bn.

It also guided adjusted EBITDA of $1,995m to $2,025m, a margin of 84% to 85%. Even after today’s gain, the shares closed about 55.7% below their highest close of $613.70 on 1 June.

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Asktraders News Team
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The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.

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