Companies /Communication Services
Applovin Corp - Class A
NASDAQ: APP Advertising Agencies
$271.49
▼ $5.55 (−2.00%) today
Markets open · 3:24pm ET

AppLovin (APP) Q3 2025 Earnings

Reported Nov 5, 2025, 4:07pm ET · SEC source
$2.45
Beat +2.57%
EPS · est. $2.39
$1.4B
Beat +4.69%
Revenue · est. $1.3B
+14.7%
Beating market
APP vs S&P since report
5 quarters
Consecutive EPS beats

How Did APP Stock React to Q3 2025 Earnings?

% change · around the report
−6%−3%0+3%Nov 5Nov 6report 4:07pm ETearnings−0.8%−4.1%
−6%−3%0+3%Nov 5Nov 6earnings−0.8%−4.1%
APP −4.1%S&P 500 −0.8%
−6%−3%0+3%Nov 5Nov 6report 4:07pm ETearnings−1.5%−4.1%
−6%−3%0+3%Nov 5Nov 6earnings−1.5%−4.1%
APP −4.1%NASDAQ −1.5%
−12%−6%0Nov 4Nov 13report 4:07pm ETearnings−0.8%−14.3%
−12%−6%0Nov 4Nov 13earnings−0.8%−14.3%
APP −14.3%S&P 500 −0.8%
−12%−6%0Nov 4Nov 13report 4:07pm ETearnings−2.4%−14.3%
−12%−6%0Nov 4Nov 13earnings−2.4%−14.3%
APP −14.3%NASDAQ −2.4%
+0.70%
Day of report
−0.23%
Next session
−10.49%
One week
+16.62%
30 days

S&P 500 over the same 30 days: +1.90%.

Did APP Beat Earnings? Q3 2025 Results

Yes. AppLovin reported Q3 2025 earnings of $2.45 a share on Nov 5, 2025, beating the $2.39 consensus estimate by 2.6%. Revenue was $1.4B against a $1.3B estimate.

AppLovin delivered a standout third quarter for fiscal 2025, posting earnings per share of $2.45 against a consensus estimate of $2.39, a beat of 2.57%, while revenue climbed 68.2% year-over-year to $1.41 billion, ahead of the $1.34 billion Wall Street had expected. The single most compelling driver behind those numbers was the extraordinary operating leverage embedded in AppLovin's AI-powered advertising platform, with adjusted EBITDA surging 79% to $1.16 billion and margins expanding to 82%, even as sales and marketing and R&D costs each declined year-over-year in absolute dollar terms. Free cash flow nearly doubled to $1.05 billion for the quarter, and the company backed its confidence with a $3.20 billion increase to its share repurchase authorization. <a href="https://247wallst.com/investing/2025/11/05/live-complete-applovin-app-q3-earnings-coverage/">Looking ahead</a>, management guided Q4 revenue to a range of $1.57 billion to $1.60 billion, with adjusted EBITDA margins of 82% to 83%, signaling that the platform's efficiency gains show no signs of slowing.

Key Takeaways
  • 68% year-over-year revenue growth driven by AI-powered advertising platform
  • Adjusted EBITDA margin expansion to 82% from 77% year-over-year
  • Net income margin improved to 59% from 52% year-over-year
  • Significant operating leverage with declining sales & marketing and R&D expenses despite revenue growth
  • Free cash flow nearly doubled year-over-year to $1.05 billion

What Was AppLovin's Outlook in Q3 2025?

AppLovin provided Q4 2025 guidance projecting revenue of $1,570 million to $1,600 million, Adjusted EBITDA of $1,290 million to $1,320 million, and Adjusted EBITDA margin of 82% to 83%. The board's decision to increase share repurchase authorization by an incremental $3.2 billion to a total remaining authorization of $3.3 billion reflects continued confidence in the company's future performance.

APP YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$400.0M$800.0M$1.2B$835.2M$1.4BRevenue$714.3M$1.2BGross Profit$534.3M$1.1BOperating Income$434.4M$835.5MNet Income
$0$400.0M$800.0M$1.2BRevenueGross ProfitOperating IncomeNet Income
APP income statement, Q3 2025 versus Q3 2024
Metric Q3 2025 Q3 2024 Year over year
Revenue $1.4B $835.2M +68.2%
Gross Profit $1.2B $714.3M +72.2%
Operating Income $1.1B $534.3M +102.0%
Net Income $835.5M $434.4M +92.3%

APP Revenue by Segment

Advertising
Apps

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