APP · PEAD ↓ 80

AppLovin reported Q2 2026 EPS of $3.76 on 2026-08-05 (after market close), beating the $3.72 consensus by $0.04 (+1.1%); prior-year EPS comparison is not available in current data.

Print-day reaction was essentially flat at -0.45% versus the prior close of $419.70, masking intraday volatility after the AMC report. The overnight gap to the T+1 open, however, was severe: -19.0%, a sharp repudiation of the modest headline beat. Over the following two trading sessions (T+1 through T+3) the stock drifted a marginal +0.99%, offering no meaningful recovery against the gap-down. Cumulative abnormal return of -19.4% versus SPY.US firmly places this in PEAD short territory; the documented drift pattern is tracked through the holding window ending 2026-11-02.