Companies /Communication Services

Applovin Corp - Class A

NASDAQ: APP Advertising Agencies
$320.58
â–² $7.95 (+2.54%) today
Markets open · 1:22pm ET

Q2 2026 Earnings

Reported Aug 5, 2026, 4:06pm ET · SEC source
$3.76
Beat +0.14%
EPS · est. $3.75 GAAP
$1.9B
Miss −0.94%
Revenue · est. $1.9B
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+20%+40%Aug 5Aug 6report 4:06pm ETearnings−0.2%+11.4%
0+20%+40%Aug 5Aug 6earnings−0.2%+11.4%
APP +11.4%S&P 500 −0.2%
0+20%+40%Aug 5Aug 6report 4:06pm ETearnings+0.1%+11.5%
0+20%+40%Aug 5Aug 6earnings+0.1%+11.5%
APP +11.5%NASDAQ +0.1%
0+20%Aug 4Aug 13report 4:06pm ETearnings+0.9%−4.8%
0+20%Aug 4Aug 13earnings+0.9%−4.8%
APP −4.8%S&P 500 +0.9%
0+20%Aug 4Aug 13report 4:06pm ETearnings+2.2%−4.8%
0+20%Aug 4Aug 13earnings+2.2%−4.8%
APP −4.8%NASDAQ +2.2%
−19.66%
Day of report
+3.32%
Next session
−6.85%
One week

Did APP Beat Earnings? Q2 2026 Results

AppLovin posted a mixed but broadly strong second quarter for 2026, <a href="https://247wallst.com/investing/2026/08/05/live-will-applovin-crush-q2-earnings-tonight-after-the-market-closes/">investors were watching closely</a> heading into the report, and the company delivered its fourth consecutive GAAP EPS beat, earning $3.76 per share against a consensus estimate of $3.75, a 0.14% beat. Revenue of $1.92 billion rose 52.8% year over year but came in 0.94% below the $1.94 billion consensus, a mild shortfall that did little to diminish the underlying momentum in AppLovin's advertising platform, which drove Adjusted EBITDA margin to 84% as net income climbed to $1.27 billion. The advertising engine's operating leverage remained the central story, with revenue growth continuing to outpace cost increases despite meaningful rises in R&D and cost of revenue. Free cash flow reached $863.32 million for the quarter, and the company repurchased $551.30 million in shares. Looking ahead, management guided Q3 2026 revenue to $2.06 billion to $2.09 billion, with Adjusted EBITDA margin expected to hold near 83%, signaling continued confidence in the platform's trajectory.

Key Takeaways
  • 53% year-over-year revenue growth
  • Adjusted EBITDA margin expansion to 84% from 81% year-over-year
  • Net income growth of 55% year-over-year
  • Strong operating leverage with revenue growth outpacing expense growth

Forward Guidance & Outlook

For Q3 2026, AppLovin guided revenue of $2,055 million to $2,085 million, Adjusted EBITDA of $1,710 million to $1,740 million, and Adjusted EBITDA margin of approximately 83%.

APP YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$600.0M$1.2B$1.8B$1.3B$1.9BRevenue$1.1B$1.7BGross Profit$957.7M$1.5BOperating Income$819.6M$1.3BNet Income
$0$600.0M$1.2B$1.8BRevenueGross ProfitOperating IncomeNet Income

APP Revenue by Segment

Advertising
Apps

Figures from SEC filings and company reports. Not investment advice.