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APP

AppLovin

NASDAQInformation TechnologyAdvertising AgenciesSnapshot 2026-05-08

$468.55-6.08%
Close 2026-05-08 · 1-day change
The bottom line

As of May 8, 2026, APP has a composite score of 24.6 and is classified with a signal label of "mild favorable." The score is influenced by a medium confidence level of 79.1 and high market risk at 80.5. Key drivers include macroeconomic factors such as rates, growth, inflation, and labor. The analysis is provisional.

Composite +25as of 2026-05-08

Price

Daily closes from AlphaVantage. Earnings/event dots are placed inline.

Close 2026-05-08
Daily closes. Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event

Factor signals

Read top-to-bottom: thesis (is this a strong company over a 1–3 year hold), watch flags (has something changed worth re-reading), and position context (how violent might the path be). Each pill is a parallel diagnostic — never aggregated into a single score.

L1

Thesis

is this a strong company over a 1–3 year hold?
F1 · Recent financial performance
strong
Top 30% of information technology cohort
Why this rank
  • Direction share
    1.00
  • Slope (norm)
    0.15
  • Bonus
    0.00
Operating income, last 4 quarters ($M)
958107914521440
F2 · Value
neutral
Mid-cohort by earnings yield
Why this rank
Price
$468.55
TTM EPS
$10.07
Earnings yield
2.1%
P/E (TTM)
46.5

Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1

F3 · Earnings quality
fragile
Bottom 20% cash conversion in information technology cohort
Why this rank
TTM NI ($M)
3,963
TTM CFO ($M)
4,431
CFO/NI
1.12
L2

Watch

has something changed worth re-reading?
F4 · Management stability
neutral
Mid-cohort activity· see deep-dive ↓
capital friendlyTop 20% capital-friendly in information technology cohort
Earnings setup · pre-print positioning
forward-looking
bullish5 PT revisions / 30d, avg 43.1% above currentfor period ending 2026-06-30
Why this setup
Consensus revisions

EPS estimate $3.69 → $3.66 (-0.7% / 30d). 4 raised, 0 cut, 13 covering analysts.

Rating actions

0 upgrades, 0 downgrades / 30d, 9 maintained. 87% of analysts rate Buy.

Price target activity

5 PT revisions / 30d. Avg target 43.1% above current price.

Material events

0 positive, 1 negative / 30d. See F4 management tile for the event list.

F4 · Management deep-dive — recent events, stated priorities, guidance track record
2

Stated priorities

3 priorityies extracted from earnings transcripts (as of 2026-05-08).

  1. 1.Maintain high EBITDA margincostbehind7% progress
    5/6: CFO: 'Adjusted EBITDA margin guidance for Q2 2026 is 84% to 85%.'
    Why this status

    Stated in 4 of last 4 quarters. Adjusted EBITDA margin guidance for Q2 2026 is 84% to 85%, consistent with previous quarters' performance. The company is delivering on maintaining high margins, as evidenced by the consistent guidance and historical performance.

  2. 2.Achieve revenue growthgrowthbehind30% progress
    5/6: CEO: 'Revenue guidance for Q2 2026 is $1,915 million to $1,945 million.'
    Why this status

    Stated in 4 of last 4 quarters. Revenue guidance for Q2 2026 is $1,915 million to $1,945 million, showing an upward trajectory from $1,658 million in Q4 2025. The company is making progress towards revenue growth, as indicated by the increasing guidance figures.

  3. 3.Manage executive transitionstalentwatch50% progress
    4/7: AppLovin announced the CTO will step down, effective July 1, 2026.
    Why this status

    Newly stated in 2026-Q1. The company announced a CTO transition effective July 1, 2026. While this is a new development, it highlights the company's focus on managing executive transitions to ensure leadership stability. The impact on operations remains to be seen.

3

Guidance track record

Insufficient guidance history for this ticker.

L3

Position context

how violent might the path be while I hold it?
Risk profile · realized
backward-looking
highworst 12m loss −50%, typical day ±2.9%
Why this risk level

Recent vol — 30d annualized 62%; 252d 71%.

Drawdown — Max 1y −50%. Bad day move −6%.

Beta to sector ETF (XLK) 0.12 over 1y.

Liquidity — score 100/100.

Sub-scores — vol 0/100, drawdown 0/100, beta 12/100, earnings vol .

High-volatility growth — strong fundamentals + high realized vol. Typical day ±2.9%.

Sector regime
tailwind+15.9%sector vs S&P 500, 60d

via XLK

Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive — historically, headwind regimes have averaged stronger forward returns than tailwind.

AI cycle regime · market-wide
2-axis classifier
HeatingManiaSquallCrisisEarnings →Mood ↑
HeatingE +0.13 · M +0.71
Single-axisCHASEz +2.97+1.285d

Context label only — describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.

Not investment advice. As of 2026-05-08.

3

What changed

The most important moves since the prior daily snapshot.

  1. No material changes since the prior snapshot.

No material changes since the prior snapshot.

as of 2026-05-08

4

Management scorecard

How management runs the business — capital, margins, balance sheet, and how reliably they guide and deliver.

Composite75.6 / 100
Capital allocation93
Earnings discipline73
Margin discipline33
Balance sheet77
Guidance credibility
Post-call reaction80
as of 2026-05-08
4

What management is focused on

Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.

  • #1

    Maintain high EBITDA margin

    CostNew since 2026-05-04

    Focus on sustaining a high adjusted EBITDA margin through cost management and operational efficiency.

    WatchBehind

    Stated in 4 of last 4 quarters. Adjusted EBITDA margin guidance for Q2 2026 is 84% to 85%, consistent with previous quarters' performance. The company is delivering on maintaining high margins, as evidenced by the consistent guidance and historical performance.

    7%
    CEO/CFO:CFO: 'Adjusted EBITDA margin guidance for Q2 2026 is 84% to 85%.'
    Press releaseSource dated 2026-05-06Stated 4 of last 8 quartersFirst seen 2026-05-04
    Show history (4)
    • 2026-Q1Press release

      CFO: 'Adjusted EBITDA margin guidance for Q2 2026 is 84% to 85%.

    • 2025-Q4Press release

      Adjusted EBITDA margin was 84% for Q4 2025.

    • 2025-Q3Press release

      Adjusted EBITDA margin guidance for Q4 2025 is 82% to 83%.

    • 2025-Q2Press release

      Adjusted EBITDA margin guidance for Q3 2025 is 81%.

  • #2

    Achieve revenue growth

    GrowthNew since 2026-05-04

    Focus on increasing revenue through strategic initiatives and market expansion.

    Behind

    Stated in 4 of last 4 quarters. Revenue guidance for Q2 2026 is $1,915 million to $1,945 million, showing an upward trajectory from $1,658 million in Q4 2025. The company is making progress towards revenue growth, as indicated by the increasing guidance figures.

    30%
    CEO/CFO:CEO: 'Revenue guidance for Q2 2026 is $1,915 million to $1,945 million.'
    Press releaseSource dated 2026-05-06Stated 4 of last 8 quartersFirst seen 2026-05-04
    Show history (4)
    • 2026-Q1Press release

      Revenue guidance for Q2 2026 is $1,915 million to $1,945 million.

    • 2025-Q4Press release

      Revenue for Q4 2025 was $1,658 million.

    • 2025-Q3Press release

      Revenue guidance for Q4 2025 is $1,570 million to $1,600 million.

    • 2025-Q2Press release

      Revenue guidance for Q3 2025 is $1,320 million to $1,340 million.

  • #3

    Manage executive transitions

    TalentNew since 2026-05-04

    Ensure smooth transitions in executive roles to maintain leadership stability.

    Watch

    Newly stated in 2026-Q1. The company announced a CTO transition effective July 1, 2026. While this is a new development, it highlights the company's focus on managing executive transitions to ensure leadership stability. The impact on operations remains to be seen.

    50%
    CEO/CFO:AppLovin announced the CTO will step down, effective July 1, 2026.
    Multiple sourcesSource dated 2026-04-07Stated 1 of last 8 quartersFirst seen 2026-05-04
    Show history (1)
    • 2026-Q1Multiple sources

      AppLovin announced the CTO will step down, effective July 1, 2026.

as of 2026-05-08
5

How this stock is priced

Two ways to read price: against peers in the same business, and against the company's own history.

Compared to peers
35higher = cheaper

Looks more expensive than peers.

Compared to its own history
97higher = cheaper

Cheaper than its own typical valuation.

P/E
42.1x
EV/EBITDA
38.3x
FCF yield
2.6%

P/E over the last 5 years

44 monthly points
fairas of 2026-05-08
7

How this compares

A side-by-side read on composite, valuation, and risk versus peers.

StockCompositeValuationRisk
APP
AppLovin
+25fairhigh
NVDA
NVIDIA Corporation
+20fullmoderate
AAPL
Apple Inc
+19fullmoderate
MSFT
Microsoft
+27fairelevated
AVGO
Broadcom
+11expensiveelevated
8

Risk — how this stock moves

What a normal day looks like, what a bad day looks like, and the worst the last year has thrown at it.

A typical day
How much price usually moves either way.
2.9%
A bad day (95th %ile)
A rough but not unusual down day.
-6.4%
Worst 12-month loss
Deepest peak-to-trough drop in the last year.
-50.0%
Earnings-day move
How much price usually moves on earnings day.
highas of 2026-05-08
9

What could change this view

Conditional scenarios — if X happens, the score would shift by about Y points. These are not predictions.

Upside triggers
  • If information_technology sector trend rises from +0.08 into 'improving' (>= +0.20)+5.0 pts
  • If next-quarter guidance is raised (currently NEW as of 2026-05-06)+4.0 pts
Downside triggers
  • If next-quarter guidance is cut (currently NEW as of 2026-05-06)-8.0 pts
  • If rates state reverses from -0.37 (negative) to +0.37 (positive)-7.3 pts
  • If information_technology sector trend falls from +0.08 into 'weakening' (<= -0.20)-5.0 pts
10

Material updates

Recent SEC 8-K filings ranked by likely impact, confidence, and recency.

  1. 2026-05-063d agoItem 2.02

    of this current report on Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

    earnings preannouncementnegativescore 74
  2. 2026-04-071mo agoItem 5.02

    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Executive Transitions On April 7, 2026, AppLovin Corporation (the “Company”) announced that on April 2, 2026, Basil Shikin informed the Company that he will step down from his role as Chief Technology Officer, effective as of July 1, 2026. Mr. Shikin will continue to serve in a non-executive officer capacity as a Distinguished Engineer. On April 2,…

    executive changeneutralscore 39
  3. 2026-02-112mo agoItem 2.02

    of this current report on Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

    earnings preannouncementpositivescore 10
  4. 2025-11-056mo agoItem 2.02

    of this current report on Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

    earnings preannouncementneutralscore 1
  5. 2025-08-069mo agoItem 2.02

    of this current report on Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

    earnings preannouncementpositivescore 0
11

Score history

The composite score, snapshot by snapshot. The dotted line at zero separates leaning-positive from leaning-negative.

60 snapshots
Data freshness · As of 2026-05-08 · Macro 2026-05-08 · Sector 2026-05-07 · Fundamentals 2026-05-06 · Price 2026-05-07 · Generated 2026-05-08 · Spec 2.3

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.