AppLovin (APP) drops due to exclusion from S&P 500 despite strong financial performance

From Yahoo Finance: 2025-06-19 14:04:00

AppLovin Corporation (NASDAQ:APP) experienced a 4.46% decline, closing at $344.37 per share. Investor uncertainty surrounds its exclusion from the S&P 500 despite meeting market value and profitability criteria, impacting stock performance. The S&P 500 inclusion can attract more investors, potentially benefiting stock components.

In Q1, AppLovin Corporation (NASDAQ:APP) saw a 144% increase in net income, reaching $576 million, and a 40% rise in revenues to $1.48 billion year-on-year. Despite potential as an investment, some AI stocks may offer higher returns with lower risk. Explore opportunities in AI stocks for more insights.

Read more: AppLovin (APP) Drops as Investor Sentiment Dented by Non-S&P Inclusion