AppLovin (APP) reported strong Q2 results, exceeding revenue expectations with a 77% year-over-year increase to $1.26 billion, surpassing the $1.22 billion estimate. Adjusted EBITDA also saw significant growth, rising 99% year-over-year to $1.02 billion. The company forecasts Q3 revenue above estimates. Despite the positive earnings report, AppLovin's stock price dropped over 5% in after-hours trading. The reason for the decline remains unclear, but it may be attributed to market volatility or investor concerns about future growth prospects despite the strong current performance.