Robbins LLP is Investigating Allegations that AppLovin Corporation Misled Investors Regarding the Strength of its AI Models and Feasibility of its AI Video Creative Tool

San Diego, California--(Newsfile Corp. - October 1, 2026) - Shareholder rights law firm Robbins LLP reminds investors that a class action was filed on behalf of persons and entities who purchased or otherwise acquired AppLovin Corporation (NASDAQ: APP) securities between February 12, 2026 and August 5, 2026, inclusive (the Class Period). AppLovin provides end-to-end artificial intelligence- ("AI") powered advertising solutions for businesses to reach, monetize and grow their global audience.

The complaint alleges that AppLovin misled investors regarding the strength of its AI models and feasibility of its AI video creative tool.

Investors who suffered significant losses during the Class Period may be eligible to participate in the lawsuit and should contact Robbins LLP for information before the November 16, 2026, lead plaintiff deadline.

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Why Was AppLovin Sued?

Plaintiff alleges that defendants touted the purported strength of AppLovin's AI models as a major driver of the Company's growth, advising investors that AppLovin was "constantly improving" its models. Defendants described a "virtuous cycle" of improvement and revenue, in which better models yielded greater returns for the Company's advertiser customers, thus incentivizing them to increase their spending on AppLovin's services, and/or incentivizing new customers to begin using AppLovin's services.

On June 22, 2026, AppLovin made a new self-service platform, dubbed AppLovin Ads, available to all customers. Among other features, defendants consistently touted a purportedly forthcoming generative AI video creative tool that would enable customers to create content designed specifically for the AppLovin Ads platform.

According to the complaint, during the Class Period, defendants failed to disclose that:

1. the generative AI video creative feature for the Company's AppLovin Ads platform was subject to significant development delays, making its release on the Company's timeline unlikely;
2. defendants overstated the constancy with which AppLovin was improving its AI models;
3. for these reasons, among others, AppLovin had significantly overstated the benefits and reliability of the purportedly "virtuous cycle" and "compounding" value proposition that its AI models provided to customers and to the Company; and
4. as a result, defendants' public statements were materially false and misleading at all relevant times.

Why Did AppLovin Stock Drop?

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