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APP Stock Drop alert: AppLovin Stock plummets 20% after AI progress issues revealed - BFA Law notifies investors of the imminent November 16 Deadline. AppLovin has been sued for securities fraud after its stock plummeted 20% because AppLovin allegedly misrepresented the strength, viability, and development of its AI-based business model and products. NEW YORK, Sept. 25, 2026 (GLOBE NEWSWIRE) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against AppLovin Corporation (NASDAQ:APP) and certain of the company's senior executives for securities fraud after significant stock drops resulting from potential violations of the federal securities laws. If you invested in AppLovin, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/applovin-class-action-lawsuit. Key Details of the AppLovin ($APP) Class Action: * Lead Plaintiff Deadline: November 16, 2026 * Alleged Misconduct: Securities fraud alleging AppLovin misrepresented the strength, viability, and development of its AI-based business model and products * Largest Alleged Stock Drop: August 5, 2026 - 20% Stock Drop * Court: U.S. District Court for the Northern District of California * Action: Contact BFA Law to discuss your rights Investors have until November 16, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in AppLovin securities. The class action is pending in the U.S. District Court for the Northern District of California. It is captioned Talbot v. AppLovin Corp., et al., No. 26-cv-10584. Why is AppLovin Being Sued for Securities Fraud? AppLovin is an advertising solutions company. AppLovin claims its advertising products use artificial intelligence ("AI") models, among other things, to more effectively match advertisers to prospective customers. According to the complaint, AppLovin touted the purported strength of the company's AI models as a major driver of the company's growth, telling investors that AppLovin was "constantly improving" its models and that "we don't really see a reason why that's going to slow down." As alleged, the company's new generative AI video tool in its AppLovin Ads platform experienced significant development delays, which stymied improvements to AppLovin's AI model. Why did AppLovin's Stock Drop? On July 13, 2026, a Bank of America Securities analyst published a note stating that "AppLovin's eCommerce footprint expanded at a slower pace in June" and "[w]eekly data has not shown a clear uptick since AppLovin [Ads] opened to all eComm advertisers on 6/22, suggesting a muted GA start." Accordingly, Bank of America Securities lowered its estimate for AppLovin's annual revenue. On this news, AppLovin's stock price dropped $64.13 per share, or 12.6%, from a closing price of $506.80 per share on July 10, 2026, to a closing price of $442.85 per share on July 13, 2026. Then, on August 5, 2026, after the market closed, AppLovin announced that it missed consensus estimates for quarterly revenue, delivering $1.92 billion of revenue against consensus estimates of $1.94 billion. Defendants attributed the miss, in part, to delays in the roll out of AppLovin Ads' generative AI video creation tool, which led to lower-than-expected AppLovin Ads revenue and hampered AppLovin's AI "model performance[.]" On this news, AppLovin's stock price dropped $82.13 per share, or 19.6%, from a closing price of $417.80 per share on August 5, 2026, to a closing price of $335.67 per share on August 6, 2026. What Can You Do? If you invested in AppLovin, you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: Why Bleichmar Fonti & Auld LLP? BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, "Litigation Stars" by Benchmark Litigation, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360, and "SuperLawyers" by Thomson Reuters. Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff's securities litigation law firm, with clients noting: "[t]here is no better service provider in the practice area," "[t]he interest of the client is always front and center," and "[t]here isn't a better firm in this space." One testimonial described the firm as "nimble and entrepreneurial," with a "relentless focus on adding value for clients." BFA's notable successes include a recovery of over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd. Attorney advertising. Past results do not guarantee future outcomes.

Pomerantz law Firm announces the filing of a class action against AppLovin Corporation and certain officers - APP. Sep 24, 2026, 17:39 ET NEW YORK, Sept. 24, 2026 /PRNewswire/ - Pomerantz LLP announces that a class action lawsuit has been filed against AppLovin Corporation ("AppLovin" or the "Company") (NASDAQ: APP) and certain officers. The class action, filed in the United States District Court for the Northern District of California, and docketed under 26-cv-10584, is 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, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials. If you are an investor who purchased or otherwise acquired AppLovin securities during the Class Period, you have until November 16, 2026 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. AppLovin provides end-to-end artificial intelligence- ("AI") powered advertising solutions for businesses to reach, monetize and grow their global audience. Specifically, AppLovin's advertising solutions purport to use AI models to more efficiently match an advertisement to a prospective consumer and help the Company's customers achieve their advertising goals, including those concerning user acquisition. At all relevant times, Defendants have touted the purported strength of AppLovin's AI models as a major driver of the Company's growth, advising investors that AppLovin was "constantly improving" its models. Defendants described a "virtuous cycle" of improvement and revenue, in which better models yielded greater returns for the Company's advertiser customers, thus incentivizing them to increase their spending on AppLovin's services, and/or incentivizing new customers to begin using AppLovin's services. Additional engagement by existing and/or new customers provides AppLovin with additional data, thereby enabling the Company to improve its AI models further. During the Class Period, Defendants advised investors that they had seen "faster improvements" to their models and that "we don't really see a reason why that's going to slow down." Before the Class Period, AppLovin launched a self-service platform for certain customers. On June 22, 2026, AppLovin made this platform, dubbed AppLovin Ads, available to all customers. Among other features, Defendants consistently touted a purportedly forthcoming generative AI video creative tool that would enable customers to create content designed specifically for the AppLovin Ads platform. The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) 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; (ii) Defendants overstated the constancy with which AppLovin was improving its AI models; (iii) 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 (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times. 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. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. SOURCE Pomerantz LLP