AppLovin shares fall 19.7% after mixed second-quarter results

AppLovin shares fell 19.7% after the artificial-intelligence and digital-advertising company reported mixed second-quarter results and a revenue shortfall relative to expectations, according to Associated Press market coverage.

The company released results after the U.S. market closed on Aug. 5, 2026, for the quarter that ended June 30. The sharp market reaction came as investors continued to assess whether the rapid growth associated with AI-related spending and digital advertising can continue at previously elevated rates.

AppLovin had scheduled its second-quarter 2026 results for Aug. 5 after the U.S. market close. Its investor-relations materials identify Adam Foroughi as chief executive officer and Matthew Stumpf as chief financial officer; both were identified as participants in the results discussion.

AppLovin’s report arrived as the broader U.S. earnings season was nearing completion. In the same market update, the Associated Press reported that about 85% of S&P 500 companies had reported results and that aggregate earnings growth was tracking as the strongest since 2021.