AppLovin is hated despite exceptional growth and profitability. In Q2 revenue grew 53% year over year with an 88.3% gross margin and a 77.7% operating margin. It also produced $869 million of free cash flow, a 100% FCF margin, and put $551 million of it into buybacks. x.com 

AppLovin is a growth company priced like a value stock as its ecommerce business accelerates. AXON pixel growth rose from 1–3% week over week after the summer launch to 5.1% and then 11.7%, up 25% month over month, as a deliberately slow ramp let it tune models before the holidays. Revenue growth could reach 51–52% in 2026 and 35–40% in 2027, above sell-side estimates of 47.8% and 26.7%. On those numbers, with flat margins, it trades at 13.5x 2027 EPS. x.com 

AppLovin needs a very clean quarter to rebuild confidence. Investors question how much market-share runway its gaming ad business has left and how sustainable its very high margins are, and last quarter's model-upgrade cadence issues raised new execution concerns. Gaming ads must remain the central growth engine, since e-commerce will not be big enough for a while. x.com  x.com 

AppLovin is a monster growth company trading at just 15 times forward earnings, while management expects it to grow much faster than the market expects. Per @stock_analysisx, its earnings per share went from $0.09 to $13 in four years, yet the stock is down 60% from its high. x.com 

AppLovin's high growth may outlast market expectations, helping explain its cheap valuation. In SergeyCYW's forward P/E versus expected revenue growth comparison, it is in a league of its own, especially when earnings quality is considered. x.com  x.com  x.com 

AppLovin's ad yield engine has run out of gas, setting up the same structural decay that hit The Trade Desk as ad spend consolidates into walled gardens. Conversion rates stalling around 1.4%, delayed AI rollouts and mounting litigation point to a fundamental tailspin that Piper Sandler's cautious call understates. Being down 60% this year is not a bottom; buying here is catching a falling knife on a broken narrative. x.com 

AppLovin's growth, liquidity, free cash flow and profitability make it the clear winner among beaten-down stocks with attractive fundamentals. Research Desk's chart shows EPS generally beating estimates, though the latest revenue missed. x.com 

AppLovin looks like an attractive ad-tech opportunity around $280 because its advertising platform has opened to all businesses, offering access to over 1 billion daily users, and management expects Q3 revenue above $2B. Shares are down nearly 62% from $733 despite Q2 revenue growth of 53% year over year. x.com 

AppLovin faces a long repair after its trend broke, even though its fundamentals rank in the top 30 of 2,000 stocks. Shares fell almost 60% from above $745 to near $315 after an August report, with revenue up 53% and an 84% EBITDA margin, narrowly missed its guidance midpoint, cracking the endless-beat assumption behind its multiple. Price sits below a falling 200-day average, and holders waiting for break-even must clear first. If the trend turns, 16.8x earnings for 37% growth would be rare. … Show more

AppLovin may be one of the most mispriced growth stocks, trading at about 15x expected 2027 earnings despite triple-digit EPS growth. In 2025 revenue rose 70% to $5.5B, EPS 116% and free cash flow 91% to $4.0B, with profits growing faster than revenue. Q2 2026 revenue rose 53% to $1.92B with an EBITDA margin of about 84% and $863M of free cash flow. x.com