AppLovin rebounds as Citi and Oppenheimer allay concerns after SEC probe report

AppLovin

07/10/2025 16:44

Updates

** Shares of AppLovin APP.O climb 8.2% to $634.18, recouping nearly half of their losses from the prior session

** APP plunged 14% on Monday after Bloomberg News reported that the U.S. securities regulator is probing co's data-collection practices

** Oppenheimer says it expects no material impact on firm from an SEC investigation

** Oppenheimer says its long-term bullish thesis is intact but warned the stock could be volatile in the near-term

** Citi Research says the absence of an 8K filing from the firm is a positive, suggesting the firm does not necessarily view this probe as a "material" risk

** We would be buyers on any weakness - Citi

** The SEC is examining claims that APP may have breached service agreements with its platform partners to deliver more targeted advertising to users, the report said, citing sources familiar with the matter

** The company, which recently joined the S&P 500 .SPX, said it does not comment on potential regulatory matters; the SEC declined to respond due to the ongoing government shutdown

** Stock initially fell in Tuesday's premarket trading but opened higher

** YTD stock up 94%

 (Reporting by Rashika Singh and Medha Singh in Bengaluru)

 ((Rashika.Singh@thomsonreuters.com;))