
Advertising technology stock AppLovin (NASDAQ: APP) just reported its much-anticipated Q3 2025 earnings. Despite ups and downs, 2025 has been good to AppLovin. The company joined the S&P 500 Index in September and has since grown to a market capitalization exceeding $200 billion.
The mega-cap stock has delivered a year-to-date return of 92%. Making this run particularly impressive is that the company has shaken off multiple short reports that led to big pullbacks along the way. Below, we’ll dive into the company’s latest results and gain an updated perspective on this stock.