Berger Montague Files Securities Class Action Lawsuit Against AppLovin Corporation
PHILADELPHIA, PA – March 26, 2025
Berger Montague PC, a premier securities litigation law firm, announces that a securities class action lawsuit has been filed against AppLovin Corporation (“AppLovin” or the “Company”) (NASDAQ: APP) on behalf of purchasers of AppLovin securities between May 10, 2023, and February 25, 2025, inclusive (the “Class Period”).
Allegations Against AppLovin
The complaint alleges that AppLovin and certain of its executives violated the Securities Exchange Act of 1934 by making materially false and misleading statements regarding the Company’s business, operations, and financial condition.
Specifically, the complaint alleges that AppLovin misrepresented the growth trajectory of its business, particularly with respect to its in-app advertising business. The complaint further alleges that AppLovin failed to disclose material information regarding the Company’s dependence on a single customer for a significant portion of its revenue.
Impact on Investors
During the Class Period, AppLovin’s stock price traded at artificially inflated levels, reaching a high of $156.75 per share on November 17, 2023. However, on February 26, 2025, the Company disclosed that it was experiencing slower-than-anticipated growth and that its revenue was more dependent on a single customer than previously disclosed. This news sent the stock price crashing down, ultimately closing at $89.17 per share on February 26, 2025.
As a result, investors who purchased AppLovin securities during the Class Period may have suffered significant losses. If you are a shareholder who purchased AppLovin securities between May 10, 2023, and February 25, 2025, you may be entitled to compensation.
Impact on the World
The securities class action lawsuit against AppLovin is significant for several reasons. First, it highlights the importance of accurate and transparent financial reporting. Investors rely on this information to make informed decisions, and misrepresentations can have serious consequences.
Second, the lawsuit underscores the risks associated with investing in technology companies, particularly those in the advertising sector. While these companies have the potential for significant growth, they can also be subject to rapid changes in market conditions and customer behavior.
Next Steps
If you purchased AppLovin securities during the Class Period, you may be entitled to compensation. We encourage you to contact Berger Montague to discuss your potential legal rights and options. You can reach us by calling (800) 425-6135 or by filling out the contact form on our website.
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- Call us: (800) 425-6135
At Berger Montague, our team of experienced securities litigators is dedicated to helping investors recover their losses. We have a proven track record of success in complex securities litigation, and we are committed to holding companies accountable for their misrepresentations.
If you have any questions or concerns, please don’t hesitate to contact us. We are here to help.
Conclusion
The securities class action lawsuit against AppLovin is a reminder of the importance of accurate and transparent financial reporting. Investors rely on this information to make informed decisions, and misrepresentations can have serious consequences. If you purchased AppLovin securities during the Class Period, you may be entitled to compensation. We encourage you to contact Berger Montague to discuss your potential legal rights and options.
At Berger Montague, we are dedicated to helping investors recover their losses. Our team of experienced securities litigators has a proven track record of success in complex securities litigation, and we are committed to holding companies accountable for their misrepresentations. Contact us today to learn more.
