StocksMediumUpdated×2•Originally published 4 November 2026•Updated 5 November 2026•
1 min read
AppLovin Stock Soars 24.9% on Record Q3 and Strong Q4 Revenue Guidance
Key Facts
1AppLovin has expanded its existing share repurchase authorization by $3.2 billion.
2The new authorization represents approximately 3.8% of the company's $83.8 billion market capitalization.
AppLovin shares surged 24.9% after the company reported third-quarter revenue of $2.18 billion and projected further growth for the upcoming quarter. The company issued guidance for fourth-quarter 2026 revenue between $2.365 billion and $2.395 billion, following Q3 results where GAAP profit reached $4.30 per share.
The rally followed the company's expansion of its share repurchase authorization by $3.2 billion, representing approximately 3.8% of its $83.8 billion market capitalization. The stock of APP was trading at $245.51 on November 3, 2026, prior to the release of these financial results and the forward-looking revenue guidance.