Applovin is trading at $228.54, down 10.34%, amid broad software-sector weakness.
- The software-sector ETF was down 4.26% during the regular session.
- Sector pressure followed disappointing results and outlooks from ServiceNow and Fortinet, alongside renewed concern about returns on heavy AI spending after Alphabet’s earnings.
- No clear company-specific catalyst surfaced; Applovin’s Q3 results are scheduled for November 4, 2026, after the market closes.