AppLovin Stock Surges 19%, With A 5-Day Winning Spree
AppLovin (APP) stock hit day 5 of a continuous streak of days with gains, with cumulative gains over this period amounting to a 19% return. The company has gained about $39 Bil in value over the last 5 days, with its current market capitalization at about $243 Bil. The stock remains 104.5% above its value at the end of 2024. This compares with year-to-date returns of 16.5% for the S&P 500.
AppLovin’s recent market ascent follows stellar Q3 financials, including a 68% revenue jump and 92% net income growth. The AI-powered Axon platform continues to drive impressive ad monetization, backed by recent analyst upgrades and strong industry recognition in mobile ad performance.
What is the point? Momentum often precedes conviction. A multi-day win streak can signal growing investor confidence or spark follow-on buying. Tracking such trends can help you ride the strength, or prepare for a well-timed entry if momentum fades. Our take: There is not much to fear in APP stock given its overall Very Strong operating performance and financial condition. Hence, despite its Very High valuation, the stock appears Attractive but Volatile (see Buy or Sell APP).
For quick background, APP provides a software platform for mobile app developers to improve app marketing and monetization, featuring AppDiscovery, which matches advertiser demand with publisher supply through auctions.
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Comparing APP Stock Returns With The S&P 500
The following table summarizes the return for APP stock vs. the S&P 500 index over different periods, including the current streak:
| Return Period | APP | S&P 500 |
|---|---|---|
| 1D | 1.4% | 0.3% |
| 5D (Current Streak) | 19.1% | 1.2% |
| 1M (21D) | 4.8% | -0.0% |
| 3M (63D) | 32.4% | 5.3% |
| YTD 2025 | 104.5% | 16.5% |
| 2024 | 712.6% | 23.3% |
| 2023 | 278.4% | 24.2% |
| 2022 | -88.8% | -19.4% |
However, big gains can follow sharp reversals – but how has APP behaved after prior drops? See APP Dip Buyer Analysis to learn more.
Gains and Losses Streaks: S&P 500 Constituents
There are currently 44 S&P constituents with 3 days or more of consecutive gains and 91 constituents with 3 days or more of consecutive losses.
| Consecutive Days | # of Gainers | # of Losers |
|---|---|---|
| 3D | 6 | 64 |
| 4D | 9 | 17 |
| 5D | 8 | 10 |
| 6D | 10 | 0 |
| 7D or more | 11 | 0 |
| Total >=3 D | 44 | 91 |
Key Financials for AppLovin (APP)
Last 2 Fiscal Years:
| Metric | FY2023 | FY2024 |
|---|---|---|
| Revenues | $3.3 Bil | $4.7 Bil |
| Operating Income | $648.2 Mil | $1.9 Bil |
| Net Income | $356.7 Mil | $1.6 Bil |
Last 2 Fiscal Quarters:
| Metric | 2025 FQ2 | 2025 FQ3 |
|---|---|---|
| Revenues | $1.3 Bil | $1.4 Bil |
| Operating Income | $957.7 Mil | $1.1 Bil |
| Net Income | $819.5 Mil | $835.5 Mil |
While APP stock looks attractive given its winning streak, investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.