AppLovin Soars 23% After Hours on Q3 Beat and Strong Holiday Outlook
AppLovin shares jumped about 23% in after-hours trading on Wednesday after the ad-tech company reported third-quarter results well above Wall Street’s expectations and gave a stronger outlook for the holiday quarter.
The numbers
Revenue rose 55% from a year ago to about $2.19 billion, ahead of the roughly $2.08 billion analysts expected, and adjusted earnings came in at $4.30 per share versus the $4.07 estimate. Net income grew 72% to $1.44 billion. The company bought back $1.4 billion of stock in the quarter and its board approved another $3.2 billion in repurchases.
For the fourth quarter, AppLovin guided revenue to $2.365–$2.395 billion, above the roughly $2.25 billion consensus. Management said gaming grew almost 50% and its newer consumer advertising business grew at a triple-digit pace, helped by a partial rollout of its next-generation ad models.
The setup
The stock had closed at $271.75 on Wednesday, already up 10.7% in the broad market rally, and traded near $333.80 after hours, with a high of $344.24. Even after the jump, it remains far below its 52-week high of $738.
Sources: Company results via Benzinga. Price data from Webull as of 8:00 p.m. ET, Nov. 4, 2026.
Disclaimer: This article is for informational and educational purposes only and is not financial advice. Tech & Money Press is not a registered investment advisor. Do your own research before making any investment decisions.
Our Take
AppLovin just showed the market that its ad engine is still accelerating. Revenue grew 55% and the fourth-quarter guide implies more than 40% growth again, while the $3.2 billion buyback tells investors management thinks the stock is cheap after falling from its $738 high. The key question for Thursday is whether the after-hours jump holds once regular trading volume comes in. A move above $344, the after-hours high, would show buyers are still in control, and $350 is the next round number. If the stock fades, $300 is the first area to watch, and holding above it would keep the gap intact. Big earnings gaps in large-cap tech often see a shakeout in the first 30 minutes, so the pre-market range matters more than the opening print.
Opinion of Tech & Money Press. Not financial advice.