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Surges Over 20% Past $320 After Earnings, AI Advertising Strength May Push Stock Toward $400

Surges Over 20% Past $320 After Earnings, AI Advertising Strength May Push Stock Toward $400

TradingKey – After the market close on November 4, Eastern Time, AppLovin (APP) reported its third-quarter 2026 financial results, with both revenue and EPS beating expectations and fourth-quarter guidance also topping market forecasts, driving its stock up more than 20% in post-market trading.

In pre-market trading on November 5, AppLovin was up 15.92% at $315 as of press time.

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[Source: TradingView]

In the third quarter, the company’s revenue increased 55% year-over-year to $2.185 billion, and diluted earnings per share reached $4.30, both exceeding market expectations. The company expects fourth-quarter revenue of $2.365 billion to $2.395 billion, higher than Wall Street expectations of approximately $2.25 billion.

Both results and…

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