AppLovin Corp (NASDAQ:APP) shares fell 16% despite a strong Q4 beat, with revenue reaching $1.66 billion, up 66% from last year. Adjusted EPS was $3.24, beating estimates, with EBITDA up 82% to $1.399 billion. Net income rose 84% to $1.102 billion, and free cash flow hit $1.31 billion. Projections for Q1 revenue and EBITDA also exceeded expectations, driving Wedbush analysts to raise their price target to $640. The company credited its success to its Axon 2.0 engine and pilot phase in e-commerce, but investors may be cautious due to high valuations and competition in the ad-tech sector.

Read more at Yahoo Finance: AppLovin shares fall despite strong Q4 beat, robust 2026 guidance