Companies /Communication Services
Applovin Corp - Class A
NASDAQ: APP Advertising Agencies
$271.45
▼ $5.59 (−2.02%) today
Markets open · 2:51pm ET

AppLovin (APP) Q1 2026 Earnings

Reported May 6, 2026, 4:07pm ET · SEC source
$3.56
Beat +2.96%
EPS · est. $3.46
$1.8B
Beat +3.78%
Revenue · est. $1.8B
+3.7%
Beating market
APP vs S&P since report
5 quarters
Consecutive EPS beats

How Did APP Stock React to Q1 2026 Earnings?

% change · around the report
−15%−10%−5%0May 6May 7report 4:07pm ETearnings−0.3%−6.5%
−15%−10%−5%0May 6May 7earnings−0.3%−6.5%
APP −6.5%S&P 500 −0.3%
−15%−10%−5%0May 6May 7report 4:07pm ETearnings−0.3%−6.5%
−15%−10%−5%0May 6May 7earnings−0.3%−6.5%
APP −6.5%NASDAQ −0.3%
0+4%+8%May 5May 14report 4:07pm ETearnings+1.9%+5.4%
0+4%+8%May 5May 14earnings+1.9%+5.4%
APP +5.4%S&P 500 +1.9%
0+4%+8%May 5May 14report 4:07pm ETearnings+3.5%+5.4%
0+4%+8%May 5May 14earnings+3.5%+5.4%
APP +5.4%NASDAQ +3.5%
+6.41%
Day of report
−6.08%
Next session
−2.75%
One week
+4.40%
30 days

S&P 500 over the same 30 days: +0.75%.

Did APP Beat Earnings? Q1 2026 Results

Yes. AppLovin reported Q1 2026 earnings of $3.56 a share on May 6, 2026, beating the $3.46 consensus estimate by 3.0%. Revenue was $1.8B against a $1.8B estimate.

AppLovin Corp kicked off fiscal 2026 with a strong first quarter, posting earnings per share of $3.56 against a Wall Street consensus of $3.46, a beat of roughly 2.96%, while revenue of $1.84 billion topped estimates by 3.78% and climbed 24.1% year over year. The headline numbers were underpinned by a dramatic expansion in profitability, with operating income reaching $1.44 billion and an operating margin of 78%, as the company's AI-driven advertising technology platform continued to convert scale into outsized earnings power. Net income more than doubled to $1.21 billion, lifting the GAAP net margin to 65%, while adjusted EBITDA grew 66% to $1.56 billion at an 85% margin. Free cash flow of $1.29 billion kept the balance sheet healthy even as the company returned $1.00 billion to shareholders through buybacks during the quarter. Despite some pre-earnings volatility in the stock tied to broader market caution, management expressed confidence in the company's trajectory, guiding Q2 2026 revenue to a range of $1.92 billion to $1.95 billion with adjusted EBITDA margins holding firm at 84% to 85%.

Key Takeaways
  • 59% year-over-year revenue growth driven by AI-powered advertising platform
  • Net income from continuing operations grew 67% year-over-year
  • Adjusted EBITDA margin expanded to 85% from 81% year-over-year
  • Net margin improved to 65% from 50% year-over-year
  • Elimination of losses from discontinued operations (games business divested)

What Was AppLovin's Outlook in Q1 2026?

AppLovin provided Q2 2026 guidance with revenue expected between $1,915 million and $1,945 million, Adjusted EBITDA between $1,615 million and $1,645 million, and Adjusted EBITDA margin of 84% to 85%. This guidance implies continued strong revenue growth and margin expansion.

APP YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$600.0M$1.2B$1.8B$1.5B$1.8BRevenue$1.2B$1.6BGross Profit$663.5M$1.4BOperating Income$576.4M$1.2BNet Income
$0$600.0M$1.2B$1.8BRevenueGross ProfitOperating IncomeNet Income
APP income statement, Q1 2026 versus Q1 2025
Metric Q1 2026 Q1 2025 Year over year
Revenue $1.8B $1.5B +24.2%
Gross Profit $1.6B $1.2B +35.1%
Operating Income $1.4B $663.5M +117.0%
Net Income $1.2B $576.4M +109.2%

APP Revenue by Segment

Advertising
Apps

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