New York, New York--(Newsfile Corp. - November 12, 2026) - Investors who suffered losses on AppLovin Corporation ("AppLovin" or the "Company") (NASDAQ: APP) stock may have claims to recover those losses. Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors that a federal securities class action has been filed on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired AppLovin securities between February 12, 2026 and August 5, 2026, inclusive (the "Class Period"). Investors who wish to serve as lead plaintiff must move the Court no later than November 16, 2026.

Investors with losses on AppLovin securities can contact Faruqi & Faruqi partner Josh Wilson about the AppLovin class action to learn about their legal rights and options.

Key facts for AppLovin investors

• Class Period: between February 12, 2026 and August 5, 2026
• Lead plaintiff deadline: November 16, 2026
• Disclosures: July 13, 2026 and August 5, 2026
• Stock drops: $64.13 per share, or 12.65%, on July 13, 2026; and $82.13 per share, or 19.66%, on August 6, 2026

What happened?
The truth began to emerge on July 13, 2026, when a Bank of America Securities analyst published a note reporting softer-than-expected e-commerce ad growth for the month of June, raising concerns over the rollout of AppLovin Ads to all advertisers. Bank of America Securities' review of publicly available e-commerce data showed "AppLovin's eCommerce footprint expanded at a slower pace in June", and the analyst concluded that the AppLovin Ads [general availability ("GA")] rollout enjoyed only a "muted . . . start." Accordingly, based on a "slower initial GA ramp", Bank of America Securities lowered its expectations of AppLovin's annual revenue. Following publication of the note, AppLovin's stock price fell $64.13 per share, or 12.65%, to close at $442.85 per share on July 13, 2026.

Then, on August 5, 2026, AppLovin issued a press release announcing its financial results for the quarter ended June 30, 2026, and held a conference call to discuss the same. Among other items, AppLovin reported revenue of $1.92 billion, below consensus estimates of $1.94 billion. Defendants attributed their quarterly performance to their "pace of meaningful model improvement", which was "lighter than normal during the quarter." Defendants also revealed that their generative AI video tool was "still [a] work in progress." On this news, AppLovin's stock price fell $82.13 per share, or 19.66%, to close at $335.67 per share on August 6, 2026.

"AppLovin stock fell 12.65% on July 13, 2026 and 19.66% on August 6, 2026 after the disclosures described in the complaint. The complaint alleges that investors bought AppLovin shares during the Class Period without the full picture," said Josh Wilson, a partner at Faruqi & Faruqi, LLP.

What does the complaint allege?
The complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the generative AI video creative feature for the Company's AppLovin Ads platform was subject to significant development delays, making its release on the Company's timeline unlikely; (2) Defendants overstated the constancy with which AppLovin was improving its AI models; (3) for these reasons, among others, AppLovin had significantly overstated the benefits and reliability of the purportedly "virtuous cycle" and "compounding" value proposition that its AI models provided to customers and to the Company; and (4) as a result, Defendants' public statements were materially false and misleading at all relevant times.

Next steps for AppLovin investors
Faruqi & Faruqi, LLP is reviewing potential claims on behalf of AppLovin investors. Investors with losses can visit www.faruqilaw.com/APP or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310) to discuss the AppLovin class action.

If you wish to serve as lead plaintiff, you must move the Court no later than November 16, 2026. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Common questions from AppLovin investors
Who is eligible? Investors who purchased or otherwise acquired AppLovin securities between February 12, 2026 and August 5, 2026 and lost money may have claims, and can contact the firm to learn whether the AppLovin class action affects them.

What is a securities class action? A lawsuit brought on behalf of a group of investors who bought shares at prices alleged to have been inflated by false or misleading statements, in violation of the federal securities laws. The AppLovin class action alleges that the Company and its executives made such statements.

Has a lawsuit been filed? Yes. A federal securities class action has been filed against AppLovin. Investors who wish to serve as lead plaintiff must move the Court by November 16, 2026. Investors who do nothing remain absent class members, and serving as lead plaintiff is not required to share in any recovery.

Does it cost anything to contact the firm? No. Investors who purchased AppLovin securities during the Class Period may contact Faruqi & Faruqi, LLP to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Whistleblower notice
Faruqi & Faruqi, LLP also encourages anyone with information regarding AppLovin's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. Individuals with original information may also consider the SEC Whistleblower Program, which can award whistleblowers 10 to 30 percent of the monetary sanctions collected in a successful SEC enforcement action when those sanctions exceed $1 million.

About Faruqi & Faruqi, LLP
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

Related links

• AppLovin class action, Faruqi & Faruqi, LLP
• AppLovin Corporation SEC filings index, EDGAR
• SEC Whistleblower Program
• Faruqi & Faruqi, LLP

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/323579

Source: Faruqi & Faruqi LLP