What move does the options market price into AppLovin's report?

Implied ±12.7%, either direction.

How often does AppLovin move more than the options market prices?

4 of the last 8 reports moved at least as far as the implied move.

APPNasdaqServices-Computer Programming, Data Processing, Etc.

AppLovin Corp (APP) earnings date, market-implied expected move, and options open interest by expiry

228.83

Closed19:52 ET

Open250.66Volume9.1MMkt cap$76.5BP/E17.52EPS13.06

Day226.85 – 250.668%52-wk225.19 – 738.011%

APP

AppLovin Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±12.7%implied · report alone

8Q avg ±17.6%·×0.72·cheap

199.43257.57

straddle ±14.8%

spot 228.50exp Nov 6ATM strike 227.5ATM straddle 39.80IV 158%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 4

after close · in 4 days

confirmedQ3 FY26

Calendar

Next report

Last report

−19.66%

vs ±11.9% implied · ×1.65

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Linked news

13hGOOGL · customerGoogle taught the world how to search. Now it faces a revolution it can’t afford to lose.
1dMETA · customerMeta outlook revised downward by S&P on cash flow and capex concerns

News

Largest filed tie

13F top-10 QoQ

+11.59%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

1,477 managers

Top fund weight

0.77%

APP weight · XLK

N-PORTJun 30 '26

11 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

AppLovin (APP) reports on Nov 4 after close (confirmed date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±12.1%
avg realized: ±17.6%

Nov 6 '24Nov 6 '24confirmed±10.5%▲+46.27%×4.41

Feb 12 '25Feb 12 '25confirmed±14.6%▲+24.02%×1.64

May 7 '25May 7 '25confirmed±15.5%▲+11.88%×0.77

Aug 6 '25Aug 6 '25confirmed±12.2%▲+11.97%×0.98

Q3 FY25Nov 5 '25confirmed±9.5%▲+0.70%×0.07

Feb 11 '26Feb 11 '26confirmed±12.3%▼−19.68%×1.60

Q1 FY26May 6 '26confirmed±10.2%▲+6.41%×0.63

Q2 FY26Aug 5 '26confirmed±11.9%▼−19.66%×1.65

quarterimplied−50%0+50%realized×

Q2 FY26±11.9%▼−19.66%×1.65

Q1 FY26±10.2%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 9 expiries · Oct 26 close

1.09OI · 9 expiries · Oct 26 closeP/C open interest · Nov 6 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

7,788+40%Nov 66d7,174+65%

3,452+93%Nov 1313d1.542,237+59%1.54

51,025+77%Nov 2020d1.4934,358+4%1.49

2,605—Nov 2727d4.59568—4.59

62—Dec 434d1.5141—1.51

4 later expiries

21,954+1%Dec 1848d0.9024,312+3%0.90

30,737−1%Jan 1576d0.81

ExpiryPutsCallsP/C

Nov 66d7,788+40%7,174+65%1.09

Nov 1313d3,452+93%2,237+59%1.54

Nov 2020d51,025+77%34,358+4%1.49

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±14.8%

Funds 4

XLK±0.1%

QQQ±0.1%

VUG±0.1%

FTC±0.0%

Customers 2

META±2.8%×0.19

GOOGL±1.7%×0.12

Dashed = straddle · × = co-movement · max 501dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

65.84%as filednet margin · revenue +4.41% QoQ · +52.82% YoY

Revenue

$1.9B+4.41% QoQ

Gross profit

$1.7B+3.60% QoQ

88.26% margin

Operating income

$1.5B+3.77% QoQ

77.68% margin

Pre-tax income

$1.5B+5.18% QoQ

Net income

$1.3B+5.05% QoQ

65.84% margin

Cost of revenue

$226M+10.89% QoQ

Operating expenses

$204M+2.38% QoQ

R&D $100M

Marketing $63M

SG&A $40M

Tax

$239M+5.84% QoQ

Other income

$11M+231.95% QoQ

Revenue$1.9B+4.41%

Gross profit

$1.7B+3.60%

88.26% margin

Operating income

$1.5B+3.77%

77.68% margin

Pre-tax income

$1.5B+5.18%

Net income

$1.3B+5.05%

65.84% margin

Cost of revenue

$226M+10.89%

Operating expenses

$204M+2.38%

R&D $100M

Marketing $63M

SG&A $40M

Other income$11M+231.95%

Tax$239M+5.84%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:45 ET

Intraday

Event sensitivity

PPI ×1.62· ±5.3% vs ±3.3% · 11 releases

eventrelease day|move|up · n×base

PPIproducer prices±5.3%5 of 11×1.62

FOMCrate decision±4.5%9 of 24×1.38

CPROFcorporate profits±4.2%3 of 12×1.29

CPIconsumer prices±3.7%7 of 11×1.14

NFPjobs report±3.3%4 of 10×1.02

GDPgross domestic product±3.3%8 of 20×1.00

PCEpersonal income & outlays±3.0%12 of 20×0.91

Bar = avg |move| to ±6% · tick = ±3.3% avg day · ×base = |move| ÷ ±3.3% · min 6 releases

Earnings history

EPS 3.76 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 5 '26 · confirmed	3.76	—
Q1 FY26	May 6 '26 · confirmed	3.56	—
Q3 FY25	Nov 5 '25 · confirmed	2.45	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod