Overview

A class action lawsuit has been filed against AppLovin Corporation (“AppLovin” or the “Company”) and certain of the Company’s former senior executive officers alleging violations of the federal securities laws.  The Company’s common stock traded on the NASDAQ Stock Market under the symbol “APP.”

The AppLovin class action lawsuit was brought on behalf of all persons and entities who purchased or otherwise acquired AppLovin securities between May 10, 2023, and February 25, 2025, both dates inclusive (the “Class Period”).

AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally.  It operates through two segments, Software Platform and Apps.

The AppLovin class action lawsuit alleges that Defendants provided investors with material information concerning AppLovin’s financial growth and stability.  Defendants’ statements included, among other things, confidence in AppLovin’s launch of its AXON 2.0 digital ad platform and using “cutting-edge AI technologies” to more efficiently match advertisements to mobile games, in addition to expanding into web-based marketing and e-commerce.  Moreover, Defendants publicly reported impressive financial results, outlooks, and guidance to investors, all while using dishonest advertising practices.  As a result of Defendants’ wrongful acts and omissions, and the precipitous decline in the market value of the Company’s securities, Plaintiff and other Class members have suffered significant losses and damages.

Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts related to AppLovin’s manipulative practices to force unwanted apps on customers using a “backdoor installation scheme” which inaccurately inflated installation numbers, and, in turn its profitability.  Such statements absent these material facts caused Plaintiff and other shareholders to purchase AppLovin’s securities at artificially inflated prices.

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If you purchased or otherwise acquired AppLovin securities between May 10, 2023, and February 25, 2025, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at [email protected]. 

The deadline to apply to the Court to serve as lead plaintiff in the AppLovin class action lawsuit is May 5, 2025.