Research Analysts Issue Forecasts for AppLovin Q3 Earnings

Key Points

• William Blair has revised its Q3 2025 earnings estimate for AppLovin to $2.39 per share, slightly above the previous estimate of $2.37. The consensus estimate for the company's full-year earnings currently stands at $6.87 per share.
• AppLovin reported a Q2 earnings per share of $2.26, exceeding the consensus estimate of $2.05, despite a revenue of $1.26 billion falling short of the projected $1.37 billion.
• AppLovin has received a consensus rating of "Moderate Buy" from analysts, with a current price target of $472.33, reflecting various buy and hold ratings from different research firms.

AppLovin Corporation (NASDAQ:APP - Free Report) - Equities researchers at William Blair upped their Q3 2025 earnings estimates for shares of AppLovin in a report issued on Thursday, August 7th. William Blair analyst R. Schackart now anticipates that the company will post earnings per share of $2.39 for the quarter, up from their previous estimate of $2.37. The consensus estimate for AppLovin's current full-year earnings is $6.87 per share. William Blair also issued estimates for AppLovin's Q4 2025 earnings at $2.76 EPS, FY2025 earnings at $9.08 EPS, Q1 2026 earnings at $3.01 EPS, Q2 2026 earnings at $3.24 EPS, Q3 2026 earnings at $3.35 EPS, Q4 2026 earnings at $3.69 EPS and FY2026 earnings at $13.29 EPS.

AppLovin (NASDAQ:APP - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.05 by $0.21. AppLovin had a net margin of 45.72% and a return on equity of 274.45%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the firm posted $0.89 earnings per share. The firm's revenue for the quarter was up 77.1% on a year-over-year basis.

A number of other research firms have also weighed in on APP. HSBC set a $436.00 target price on AppLovin and gave the company a "buy" rating in a report on Wednesday, April 23rd. Oppenheimer restated an "outperform" rating and set a $500.00 price objective (down from $560.00) on shares of AppLovin in a research note on Thursday, May 8th. JPMorgan Chase & Co. upped their target price on shares of AppLovin from $400.00 to $425.00 and gave the stock a "neutral" rating in a research note on Thursday. The Goldman Sachs Group raised their price target on shares of AppLovin from $335.00 to $435.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Finally, Citigroup restated a "buy" rating on shares of AppLovin in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $472.33.

AppLovin Price Performance

APP stock opened at $437.34 on Friday. The company has a market capitalization of $147.99 billion, a P/E ratio of 62.12, a price-to-earnings-growth ratio of 2.33 and a beta of 2.43. AppLovin has a 52-week low of $66.16 and a 52-week high of $525.15. The business has a 50-day simple moving average of $365.28 and a two-hundred day simple moving average of $339.24. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.68 and a current ratio of 1.68.

Insiders Place Their Bets

In related news, Director Barbara Messing sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $382.46, for a total transaction of $573,690.00. Following the sale, the director directly owned 9,510 shares in the company, valued at approximately $3,637,194.60. This represents a 13.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Vasily Shikin sold 34,766 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $353.64, for a total transaction of $12,294,648.24. Following the completion of the transaction, the chief technology officer directly owned 70,889 shares of the company's stock, valued at approximately $25,069,185.96. This trade represents a 32.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,212,968 shares of company stock worth $455,062,980 in the last ninety days. 13.66% of the stock is owned by corporate insiders.

Institutional Trading of AppLovin

Several institutional investors and hedge funds have recently bought and sold shares of APP. Revolve Wealth Partners LLC bought a new stake in AppLovin during the fourth quarter valued at approximately $294,000. Wedbush Securities Inc. purchased a new stake in shares of AppLovin during the 4th quarter valued at $236,000. Quadrant Capital Group LLC lifted its holdings in shares of AppLovin by 6.7% during the 4th quarter. Quadrant Capital Group LLC now owns 526 shares of the company's stock worth $170,000 after acquiring an additional 33 shares during the last quarter. FIL Ltd grew its position in AppLovin by 172.8% in the fourth quarter. FIL Ltd now owns 159,750 shares of the company's stock worth $51,732,000 after acquiring an additional 101,180 shares in the last quarter. Finally, Bank of Nova Scotia increased its stake in AppLovin by 14.5% in the fourth quarter. Bank of Nova Scotia now owns 4,470 shares of the company's stock valued at $1,448,000 after acquiring an additional 565 shares during the last quarter. 41.85% of the stock is currently owned by hedge funds and other institutional investors.

AppLovin Company Profile

AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products.

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