Quick Read
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AppLovin, 2026’s worst S&P 500 stock, surged 23% after hours to $334 after revenue jumped 55% and beat estimates.
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Fourth-quarter revenue guidance of up to $2.395 billion topped the $2.25 billion consensus, with adjusted EBITDA growth of about 43% to 44%.
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Fair Isaac would replace AppLovin as the S&P 500’s worst performer, down 59% for the year and falling another 7% after hours.
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AppLovin (NASDAQ:APP), this year’s worst S&P 500 stock through Wednesday’s close, reported third-quarter results after the bell on November 4, 2026, that beat estimates. At 7:59 p.m. ET, shares traded at $333.80, up 22.83% after hours. That followed a 10.69% regular-session rise to $271.75.
After-hours trading is thin, and that price is not a close. If it held, the year-to-date loss would narrow to about 50.5% from 59.67%. That would put AppLovin ahead of Fair Isaac (NYSE:FICO), which was down 58.53% for the year and fell another 6.57% after hours.
Filed Results Topped Every Estimate
Revenue reached $2.185 billion, up 55% from $1.405 billion a year earlier and above the $2.07 billion consensus. Earnings per share of $4.30 beat the $4.03 estimate, although that GAAP figure includes $86.032 million of other income.
Net income rose 72% to $1.439 billion. Adjusted EBITDA, a profit measure that strips out interest, taxes, depreciation and stock pay, grew 59% to $1.842 billion at an 84% margin.
CFO Matt Stumpf said the largest digital ad platforms grew roughly 10% to the mid-20%s. He added that about 65% of revenue became free cash flow, which totaled $1.418 billion.
Guidance Carries More Weight Than the Beat
Fourth-quarter revenue guidance of $2.365 billion to $2.395 billion came in above the $2.25 billion consensus. Management also guided adjusted EBITDA to $1.995 billion to $2.025 billion, with margins of 84% to 85%. Stumpf said that means growth of about 43% to 44%.
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CEO Adam Foroughi credited a partial launch of next-generation ad models and would not commit to a timetable for completing it. He said he believes the business can compound at roughly 30% a year over the long term, which is his belief and not company guidance.
