AppLovin stock slips in premarket after Q4 results as traders parse 2026 outlook
AppLovin shares dropped about 5% in premarket trading Thursday after the company reported a 66% jump in quarterly revenue to $1.658 billion and forecast first-quarter revenue of up to $1.775 billion. The stock traded near $435, down from Wednesday’s $456.81 close. CEO Adam Foroughi cited strong performance but flagged ongoing questions about AI and competition.