NYSE:EVTL News 10 December 2025

February 4, 2026, 11:04 AM EST. AppLovin's shares dropped 30% in January following renewed short-seller allegations and rising concerns over the impact of Google's AI game platform, Project Genie. Despite a strong 2025 where the stock doubled, doubts about its valuation at a price-to-sales ratio of 31 and an ongoing SEC investigation weighed on investor sentiment. The stock plunged 17% on the last trading day after the AI platform launch, hitting a sector-wide sell-off. Analysts remain cautiously optimistic ahead of AppLovin's Q4 earnings due Feb. 11, projecting 17% revenue growth to $1.61 billion and earnings per share rising to $2.95. Market watchers note the shift from mobile game development to adtech monetization, suggesting the sell-off may be disproportionate and premature.