| APP |
Report |
Total Revenue (Q2'26) |
BEAT |
pred ~$1.98B vs. cons ~$1.94B |
MEDIUM |
| APP |
Report |
Adj. EBITDA (Q2'26) |
BEAT |
pred ~$1.67B vs. cons ~$1.63B |
MEDIUM |
| APP |
Report |
Adj. EBITDA Margin (Q2'26) |
BEAT |
pred ~85.5% vs. cons ~84% |
MEDIUM |
| APP |
Guide |
Revenue guidance (Q3'26) |
BETTER |
guide ~$2.10B vs. cons ~$2.06B (Q3'26) |
MEDIUM |
| APP |
Guide |
Adj. EBITDA guidance (Q3'26) |
BETTER |
guide ~$1.78B vs. cons ~$1.74B (Q3'26) |
LOW |
| APP |
Guide |
Consumer/e-commerce vertical trajectory (commentary) |
UNKNOWN |
pred consumer spend still ramping ~20-25% QoQ vs. cons fear of sub-15% deceleration (Q2'26/2H'26) |
LOW |
| APP |
Return |
Day-1 residual (stock − beta × S&P 500) |
+8.0% |
— |
MEDIUM |
| APP |
Return |
5-day cumulative residual |
+4.0% (FADE) |
APP is a serial beat-and-raise name and the setup is heavily de-risked (stock ~43% off its Dec peak, near year-ago levels), so a clean Q2 beat plus an above-consensus Q3 guide should drive an initial pop (APP earnings moves are historically ±15-25%). But the out-period math works against durability: the Q3 guide, even if 'better,' embeds sequential deceleration off ~50%+ YoY comps, and the lingering 'consumer/e-commerce scaling slower than hoped' narrative means the fast-money bid fades. High multiple + negative price momentum + implicit forward-estimate trims pull the stock back toward a smaller net-positive residual over five days. |
LOW |