AppLovin Corporation (APP) Delivered Exceptional Gains in Q3

Core Insights - Bailard Technology Strategy generated a net return of 9.36% in Q3 2025, underperforming compared to the S&P North American Technology Index (13.14%), Morningstar U.S. Open-End Technology Categories (11.64%), and Lipper Science and Technology Fund Index (11.19%) [1] - The quarter showed improved technology fundamentals driven by structural demand trends and evolving regulations across key verticals [1] Company Highlights - AppLovin Corporation (NASDAQ:APP) reported a one-month return of 14.54% and a 52-week gain of 112.96%, closing at $714.23 per share with a market capitalization of $241.588 billion on December 26, 2025 [2] - AppLovin's revenue increased by 68% year-over-year to approximately $1.405 billion in Q3 2025, driven by exceptional growth in mobile game advertising and programmatic AdTech [3] - The company is expanding into e-commerce markets, which strengthens its outlook into 2026 [3] Investment Sentiment - AppLovin Corporation is not among the 30 most popular stocks among hedge funds, with 110 hedge fund portfolios holding the stock at the end of Q3 2025, up from 109 in the previous quarter [3] - While AppLovin is recognized for its potential, certain AI stocks are considered to offer greater upside potential with less downside risk [3]