AppLovin 3Q26 Business Update: No Notes
AppLovin’s Q3 revenue rose 55% year over year as AXON model gains expanded margins, while ad take-rate compression remains the key competitive risk.
Thursday, November 5, 2026
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From X
RiverRoadPartners on X
2 wks into Q3 earnings, at least 4 semis flagged back-end constraints ($TXN, $ALGM, $PI, $NXPI), 2 noted customer push outs ($ALGM, $TER), $INTC noted higher memory prices caused demand destruction in PC’s & $LRCX couldn’t guide for upside b/c of a specialty component shortage.
Trevor Scott on X
@LSigurd feels like $nvda will just bail it out
David Orr on X
@JackFarley96 When $NVDA finally has its big double miss, $SOXX probably drops 25% in a day or two.
Cluseau Investments on X
How life feels once you go 85% $RSP 15% $BOXX and check your brokerage account once a month https://t.co/MeMabOtTMX
Trevor Scott on X
@DrewCohenMoney Not short but $APP is reliant on Apple and Google yet also competes with them with high margin ads. App has already been investigated by the SEC and state attorneys, the platforms could take some trivial data misstep & shut it down in the name of privacy and steal the economics.
Lee Roach on X
@rubicon59 Would love to chat on $APP and various other DSPs. DM if you are open to it.
Investor Letters
All letters- Forager Funds Management October 2026 TUA $538M
- Rathbones October 2026 SBGSF $143BSIEGY $237B
- FCL Capital October 2026 ANPDF $28BASML $575B
- Protean Funds October 2026 AAK $4.7BLFABF $13B
- JB Global Capital Q3 2026 BABA $262BFLO $1.4B
- Pendelhaven Asset Management B.V. Q3 2026 DR0 $417MALM $2.5B
- Chautauqua Capital Management Q3 2026 AAIGF $103BADYEY $32B
- Rathbones Q3 2026 GOOGL $3.5T
Trading Post November 5, 2026
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