Contrary to the red trend on Nasdaq: this stock soared 67% in a week

AppLovin's stock surged 67% in a week on the back of strong quarterly results, contrary to the negative trend on Nasdaq. The company reported 55% revenue growth and over 70% increase in net profit, above analyst expectations. Alongside this, it faces an SEC investigation and a lawsuit in California.

Contrary to the negative trend on Nasdaq, AppLovin's stock surged 67% in one week. The jump came following strong financial results for the third quarter, with approximately 55% revenue growth and over 70% increase in net profit, above analyst expectations. The company expects a stronger-than-expected fourth quarter, and the board approved a significant increase in the share buyback program. However, the company faces an SEC investigation into privacy issues, a lawsuit in California over children's advertisements, and dependence on Apple and Google platforms. The stock is particularly volatile: it has surged over 3,000% since 2023, but has lost nearly half its value since its peak in September 2025. The current market value is about $130 billion.