NEW YORK, December 31, 2025, 17:17 ET — After-hours
- AppLovin (APP) slid 2.9% in the final regular session of 2025, ending at $673.43.
- U.S. stocks finished the year’s last session lower in thin holiday trading; markets are closed Thursday for New Year’s Day.
- Ad-tech peers including Trade Desk, Unity and Magnite also slipped late Wednesday.
AppLovin Corp shares fell 2.9% on Wednesday to $673.43, extending a late-December pullback on the final trading day of 2025. The stock traded between $698.79 and $672.29, with about 1.5 million shares changing hands, according to Investing.com data. 1
The slide came as Wall Street ended the year’s last session lower in holiday-thinned markets, with the S&P 500 down 0.74% and the Nasdaq off 0.76%. U.S. trading volumes totaled 11.17 billion shares versus a 20-session average of 15.8 billion, and markets are closed Thursday for New Year’s Day, Reuters reported. “It’s perfectly fine in any bull market to have moments of cost,” said Giuseppe Sette, co-founder and president of Reflexivity. 2
Why this matters now is positioning. Big winners can see sharper moves into year-end as managers lock in gains, rebalance portfolios and reduce risk ahead of a holiday closure.
In after-hours trading, which takes place after the 4 p.m. ET closing bell, AppLovin was last at $673.82. Trade Desk fell 0.4%, Unity Software dropped 2.2% and Magnite slipped 1.3% late Wednesday.
The company has been a volatile momentum name, and thin liquidity — how easy it is to buy or sell without moving the price — can amplify swings around holidays. That dynamic can push stocks toward technical levels faster than usual.
For AppLovin, chart watchers are eyeing the $670 area after Wednesday’s low. A rebound can bring in dip buyers, while a decisive break can invite more selling from short-term traders.
AppLovin positions itself as a marketing platform that uses software and artificial intelligence to help businesses reach, monetize and grow audiences, including products such as AppDiscovery, MAX, Adjust, Wurl and Axon Ads Manager. 3
Investors will be watching whether ad demand holds up as 2026 begins, when many advertisers reset budgets and campaign plans. Any shift in app-install spending, pricing for mobile ads or publisher monetization can show up quickly in trading sentiment.
Peers matter for the tape. Moves in app-ad and ad-tech stocks often spill over, especially when broader tech is driving the index direction.
The calendar is also in focus. With U.S. markets shut Thursday, Friday’s reopening could bring a reset in volumes and risk appetite as traders return from the holiday.
Beyond the holiday, the next major catalyst for AppLovin will be its next quarterly update and outlook, where traders will focus on growth, margins and the durability of demand. For now, Wednesday’s drop looked consistent with year-end profit-taking rather than a single company-specific headline.
