Robbins LLP said a securities class action was filed on behalf of investors who purchased or otherwise acquired AppLovin Corporation securities from Feb. 12 through Aug. 5, 2026, inclusive. The complaint alleges that AppLovin overstated the strength and consistency of improvements to its artificial intelligence advertising models and failed to disclose development delays affecting a generative AI video tool for its AppLovin Ads platform. AppLovin shares fell $64.13, or 12.65%, on July 13 after a Bank of America Securities analyst cited softer-than-expected June e-commerce advertising growth and concerns about the platform rollout. The stock later fell $82.13, or 19.66%, to close at $335.67 on Aug. 6 after AppLovin reported quarterly revenue of $1.92 billion, below the $1.94 billion consensus estimate, and said the video tool remained a work in progress. Investors who suffered losses may contact Robbins LLP before Nov. 16, 2026, to seek appointment as lead plaintiff. An earlier topic record attributed the filing to Pomerantz LLP and identified case number 26-cv-10584; the Sept. 23 announcement from Robbins LLP identifies Robbins as the notifying firm.