Yes, iShares Expanded Tech-Software Sector ETF (IGV) holds APP with 3.92% (as of 2026-11-06).

AppLovin Corporation (APP) is held by IGV (3.92%).

What AI bubble is APP in?

AppLovin Corporation (APP) is mapped to the Quantum bubble on QuantAbundance. Classifier 2026-05-07: extended tier, corr 0.51 to quantum centroid (29 obs, 2nd: hyperscalers 0.468). is_primary_bubble=FALSE.

What sector is APP in?

AppLovin Corporation is classified under GICS Communication Services (Interactive Media & Services).

What is APP's last close price?

APP last closed at $391.22 on 2026-11-06.

APP

NASDAQAnalystsBuy31+15%

AppLovin Corporation ação

Communication Services · Interactive Media & Services

$391.22last close

-37.0%~252d

Price

-37.04% over 1Y

4 auto-fib

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Tese

em 2026-11-08

Bull case

Structural read: ad-tech roll-up turned AI-auction monopoly in mobile gaming UA, now extending the same Axon engine into e-commerce - a much larger TAM than gaming alone. Software Platform is the entire bull case post Apps-divestiture; margins step up as gaming legacy rolls off.

Software Platform revenue growth ~75% YoY (Axon 2.0 launched Q2 2023, still compounding)
Apps segment sold to Tripledot 2025 - gross margin steps from ~70% toward 80%+ pure-software
E-commerce pilot expanding 2025-2026 - early advertiser cohort showing repeat spend
Buyback cadence ~$2B/yr reduces share count ~3-4% annually
$META Reels + $GOOGL App Campaigns are the comp set; APP plays in a niche they under-serve

Bear case

Customer concentration in mobile gaming (~50% of ad spend from top-tier studios) - gaming UA spend cyclical
Axon is a black box; any auction-quality regression hits revenue immediately
E-commerce expansion unproven at scale vs $TTD, $META, $AMZN ad stacks
iOS ATT and Android Privacy Sandbox compress attribution signal - Adjust mitigates but does not eliminate
Multiple compression risk: trades at premium to $TTD on similar growth

2025 - Apps segment (Lion Studios, Magic Tavern, etc.) divested to Tripledot Studios for ~$900M cash + equity; AppLovin becomes pure-play Software Platform
2024 - Axon 2.0 generally available across all advertiser cohorts; Software Platform revenue inflects to ~75% YoY growth
2023 - Wurl (CTV ad-tech) acquired 2022 retained; CTV remains <5% of revenue
2021 - Adjust (mobile attribution) acquired for ~$1B; integrated as MAX-side measurement layer
2021 - MoPub (Twitter mediation SDK) acquired for $1.05B cash; merged into MAX SDK
Undisclosed e-commerce pilot advertisers onboarded Q4 2024 - Q1 2025; cohort disclosed only as "self-service brands"

clientesScopely · Playtika · Zynga · Supercell · undisclosed e-commerce pilot cohort

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Analyze APPinteractive tools

Fibonacci levels Correlation matrix Learn the method

Bubblescapital-flow co-movement

Quantumw 0.45

Top correlated252d co-movement

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Recent news

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High-signal only

Held by ETFs

IGViShares Expanded Tech-Software Sector ETF
3.92%

Key levels

$421.09
0.618 retr of 225.19->738.01 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
-7.1%
$334.93
0.786 retr of 225.19->738.01 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
+16.8%
$481.60
0.5 retr of 225.19->738.01 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
-18.8%
$542.11
0.382 retr of 225.19->738.01 (52w) · 2026-11-06
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
-27.8%

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Facts

Exchange: NASDAQ
Currency: USD
Market cap: $129.62B
Last update: 2026-11-06

Revenue (TTM)$7.6B

P/E26.3×

P/S17.0×

Net margin65.9%

Frequently asked questions

Is APP in IGV?: Yes, iShares Expanded Tech-Software Sector ETF (IGV) holds APP with 3.92% (as of 2026-11-06).
What ETFs hold APP?: AppLovin Corporation (APP) is held by IGV (3.92%).
What AI bubble is APP in?: AppLovin Corporation (APP) is mapped to the Quantum bubble on QuantAbundance. Classifier 2026-05-07: extended tier, corr 0.51 to quantum centroid (29 obs, 2nd: hyperscalers 0.468). is_primary_bubble=FALSE.
What sector is APP in?: AppLovin Corporation is classified under GICS Communication Services (Interactive Media & Services).
What is APP's last close price?: APP last closed at $391.22 on 2026-11-06.