AppLovin Shares Slide 14% with 39.6% YTD Drop Ahead of Feb. 11 Earnings
AppLovin shares plunged 14% last week to a 39.6% year-to-date decline ahead of its Feb. 11 earnings report. The mobile ad platform trades at a forward P/E of 24.8 despite analysts forecasting a 62.5% jump in 2026 earnings.
1. Recent Share Performance
AppLovin shares fell 14% over the past week, extending a year-to-date loss to 39.6%. This sharp pullback reflects mounting investor concerns ahead of its next earnings announcement.
2. Valuation Metrics
The company now trades at a forward price-to-earnings ratio of 24.8, a notable decline from recent highs but still above many ad-tech peers. Despite the drop, the valuation suggests investors remain cautious about growth sustainability.
3. Earnings Outlook
Analysts expect AppLovin’s 2026 earnings to surge 62.5%, a forecast that hinges on continued ad revenue growth and user acquisition trends. The firm is scheduled to report fourth-quarter results on February 11, 2026, setting the stage for a key trading catalyst.