Pomerantz Law Firm Announces the Filing of a Class Action Against AppLovin Corporation and Certain Officers - APP

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.