NEW YORK, Feb 16, 2026, 16:29 EST — Market closed.
- U.S. markets are shut on Monday for Presidents Day; trading resumes Tuesday. (MarketWatch)
- AppLovin last closed at $390.55 on Friday, up 6.4% on the day after a sharp post-earnings slide. (Investing)
- Investors are watching whether APP’s rebound holds as fresh economic data hits the tape on Tuesday morning. (Scotiabank)
AppLovin shares will get their next real test on Tuesday, after the Nasdaq’s Presidents Day closure pauses trading following the stock’s whipsaw move late last week. (MarketWatch)
The stock last ended at $390.55 on Friday, up 6.4% on the day, after dropping nearly 20% on Thursday. It is still down about 17% from the Feb. 10 close, the session before the company reported quarterly results. (Investing)
That matters now because AppLovin has become a high-beta read on ad-tech sentiment: when investors lean into growth, it can sprint; when they pull back, it can gap. The last few sessions showed both. (Investing)
The company on Feb. 11 reported fourth-quarter revenue of about $1.66 billion and net income of about $1.10 billion, and guided first-quarter revenue to $1.745 billion to $1.775 billion. (SEC)
Management also pointed investors to a profitability metric it calls “adjusted EBITDA” — a measure that strips out certain costs — and guided for an 84% adjusted EBITDA margin for the first quarter. (SEC)
Competition remains part of the debate. Ahead of the results, Jefferies analysts flagged that heavier bidding into Apple iOS traffic by Meta could tighten ad auctions and pressure margins for platforms dependent on mobile ad demand. (Reuters)
Some analysts, though, argued the company’s outlook leaves room for upside. “We’re not overly concerned, as AppLovin’s guide has historically skewed conservative,” BofA analysts wrote in a note cited by Investing.com. (Investing)
AppLovin has also leaned on buybacks, saying it repurchased and withheld 6.4 million shares in 2025 for $2.58 billion, a point some investors cite as a backstop when the stock sells off. (SEC)
With no U.S. session on Monday, the near-term focus shifts to Tuesday’s reopen and the macro calendar. U.S. retail sales for January and the Empire State manufacturing survey are due at 8:30 a.m. ET, with investors watching whether growth data pushes rates expectations around again. (Scotiabank)
The risk for APP is straightforward: another leg higher in rates or weaker risk appetite could hit high-multiple ad-tech names first, while any signs of faster ad pricing pressure could reopen the margin debate that’s been hanging over the group. (Reuters)
The next catalyst is Tuesday’s first trade after the holiday, with traders watching whether AppLovin can build on Friday’s rebound as the morning data prints. (MarketWatch)
