AppLovin sees 3Q26 revenue between $2.055 bln and $2.085 bln.
Company expects 3Q26 adjusted EBITDA of $1.71 bln to $1.74 bln.
AppLovin projects 3Q26 adjusted EBITDA margin of 83%.
Share repurchases and analyst coverage
Share repurchases - Co repurchased and withheld 1.1 mln shares for $551.3 mln in Q2.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 29 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the software peer group is "buy".
Wall Street's median 12-month price target for AppLovin Corporation is $660.00, about 57.3% above its August 4 closing price of $419.70.
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 26 three months ago.
Q2 results miss revenue and EBITDA estimates
US marketing platform's Q2 revenue rose 53% yr/yr but missed analyst expectations.
Q2 adjusted EBITDA missed analyst expectations; net income slightly beat estimates.
Company repurchased and withheld 1.1 mln shares for $551.3 mln in Q2.
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