AppLovin stock tanks on Q2 revenue miss

Cnbc · Aug 06, 2026 · 194 words · By CJ Haddad

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What to know about AppLovin stock tanks on Q2 revenue miss

Shares of adtech giant AppLovin tanked 19%, a new 52-week low, on Thursday following a second-quarter revenue miss.

Claims checked 5

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

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Center100%

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6 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Shares of adtech giant AppLovin tanked 19%, a new 52-week low, on Thursday following a second-quarter revenue miss.

Why it matters

Here's how the company performed compared with Wall Street's expectations, according to LSEG estimates: - Earnings per share: $3.76 vs.

Common ground

$1.94 billion expected In the earnings call Wednesday, CEO Adam Foroughi blamed the miss on the timing of its improvements to its advertising models as the company continues to expand its artificial intelligence-powered adtech model into e-commerce.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

Follow-up questions

What concrete event or decision sits underneath the headline: AppLovin stock tanks on Q2 revenue miss?
What evidence would most clearly confirm or weaken the claim that Earnings per share: $3.76 vs. $3.76 expected?
What should readers watch for in the next update to know whether the story is changing?

open_in_new Read the original article: https://www.cnbc.com/2026/08/06/applovin-stock-q2-earnings-revenue.html

fact_checkClaims Checked

eFinder analyzed this article and checked 5 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 5

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Claim 1: “Earnings per share: $3.76 vs. $3.76 expected”

CORROBORATED

Web search results explicitly state that AppLovin delivered $3.76 diluted EPS, and another source notes that EPS 'matched' estimates.

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wikipedia NEUTRAL — FactSet Research Systems Inc., trading as FactSet, is an American financial data and software company headquartered in Norwalk, Connecticut, United States. The company provides integrated data and sof…
https://en.wikipedia.org/wiki/FactSet

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wikipedia NEUTRAL — Gen Digital Inc. (formerly Symantec Corporation and NortonLifeLock Inc.) is a multinational software company co-headquartered in both Tempe, Arizona (USA) and Prague, Czech Republic (EU). The company…
https://en.wikipedia.org/wiki/Gen_Digital

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web search NEUTRAL — AppLovin Q2 2026 earnings delivered 53% revenue growth and $3.76 diluted EPS, yet softer expectations exposed a widening gap with investors.
https://www.remio.ai/post/applovin-q2-2026-earnings-grew-53-…

+ 2 more evidence sources

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Claim 2: “Revenue: $1.92 billion vs. $1.94 billion expected”

CORROBORATED

Three independent sources confirm the revenue was $1.92 billion (or $1.924 billion) and that it missed expectations of $1.94 billion (or $1.935 billion based on LSEG/FactSet).

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web search NEUTRAL — AppLovin (NASDAQ:APP), which runs an advertising and marketing platform for app developers, fell 16.91% premarket after reporting second-quarter revenue of $1.92 billion, up 53% from a year earlier bu…
https://finance.yahoo.com/markets/stocks/articles/applovin-s…

+ 2 more evidence sources

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Claim 3: “Shares of adtech giant AppLovin tanked 19%, a new 52-week low, on Thursday following a second-quarter revenue miss.”

CORROBORATED

Multiple independent sources (Benzinga, Google News) confirm the stock hit a 52-week low on Thursday and plummeted between 17.88% and 18% following a revenue miss.

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wikipedia NEUTRAL — Christian Peregin (born 24 November 1987) is a Maltese journalist, entrepreneur, and communications strategist. He is the founder of Lovin Malta, a prominent digital media platform in Malta, and is kn…
https://en.wikipedia.org/wiki/Christian_Peregin

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wikipedia NEUTRAL — Grey's Anatomy is an American medical drama television series that premiered on the American Broadcasting Company (ABC) as a mid-season replacement on March 27, 2005. The series focuses on the fiction…
https://en.wikipedia.org/wiki/List_of_Grey's_Anatomy_episode…

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wikipedia NEUTRAL — Machine Zone, Inc. (MZ) is an American technology company founded in 2008 and based in Palo Alto, California. It is best known for its widely advertised freemium mobile MMO strategy games Game of War:…
https://en.wikipedia.org/wiki/Machine_Zone

+ 3 more evidence sources

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Claim 4: “Revenue rose 53% year-over-year.”

CORROBORATED

Multiple sources explicitly state that second-quarter revenue increased by 53% year-over-year.

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wikipedia NEUTRAL — Adam Foroughi is an Iranian-born American billionaire businessman and the chief executive officer (CEO) of AppLovin, a mobile technology company.
https://en.wikipedia.org/wiki/Adam_Foroughi

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wikipedia NEUTRAL — AppLovin Corporation is an American mobile technology company headquartered in Palo Alto, California. Founded in 2012, the company helps developers market, monetize, analyze and publish their apps thr…
https://en.wikipedia.org/wiki/AppLovin

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wikipedia NEUTRAL — Unity Software Inc. (doing business as Unity Technologies or simply Unity) is an American video game software development company based in San Francisco. It was founded in Denmark in August 2004 as Ov…
https://en.wikipedia.org/wiki/Unity_Technologies

+ 3 more evidence sources

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Claim 5: “Piper Sandler analyst James Callahan downgraded the stock to neutral on Thursday following the miss, slashing the bank's price target from $665 to $385.”

CORROBORATED

Three independent web search results confirm that Piper Sandler analyst James Callahan downgraded the stock to Neutral and lowered the price target from $665 to $385 on Thursday.

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web search NEUTRAL — Analyst James Callahan also cut his price target to $385 from $665, implying 7.9% downside from Wednesday's close, and said shares fell more than 16% in premarket trading.
https://www.binance.com/en-AE/square/post/08-06-2026-piper-s…

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web search NEUTRAL — Analyst James Callahan noted AppLovin slightly missed the midpoint of its revenue guidance by 30 basis points and EBITDA by 100 basis points, "both for the first time since going public."
https://in.investing.com/news/stock-market-news/applovin-sto…

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web search NEUTRAL — Piper Sandler slashed APP to Neutral with a $385 target from $665 and cut HUBS to Neutral with a $220 target from $250.Here are some of the top Wall Street analyst upgrades, downgrades, and initiation…
https://finance.yahoo.com/markets/stocks/articles/thursday-t…

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.