AppLovin
What matters nowUpdated 4 days ago
- AppLovin reported fiscal Q2 2026 revenue of $1.92B, up 53% from a year earlier, in an 8-K filed on Aug 5, 2026, and filed its 10-Q for the quarter ended Jun 30, 2026 the same day 1.
- APP trades at $272.42 on a pooled 24/7 venue price, up 0.52% from the previous close of $271.00. Recent moves have been large in both directions: +6.03% on Sep 21, -4.50% on Sep 23, -5.17% on Sep 30, -4.13% on Oct 2 and +4.54% on Oct 5.
- On a trailing twelve-month basis to Jun 30, 2026, revenue is $6.83B, up 60.6% year on year, with a 77.4% operating margin, a 64.6% net margin and EPS of $13.01. At a market cap of $91.3B the stock trades at 20.9x earnings and 16.9x EV/EBITDA, with net debt of $462M.
- Insiders sold 393,000 shares worth $197.3M in 13 sales over the last 180 days, with 7 of those sales planned and no insider purchases. AppLovin Ads has been open to all businesses since June 22, 2026, with no referral code needed.
- The September CPI release is due on Oct 14, 2026 at 12:30 UTC. AppLovin's Q3 2026 results are confirmed for Nov 4, 2026 at 16:00 UTC, and Q4 and full-year 2026 results are expected on Feb 10, 2027 but not yet confirmed.
AppLovin is a mobile advertising and software company. Its advertising platform, AppLovin Ads, lets businesses buy campaigns that run inside mobile games and other apps, with the Axon AI engine choosing which ad each user sees. After selling its Apps business to Tripledot on June 30, 2025, AppLovin reports one advertising segment. Revenue in 2025 was $5.48 billion from continuing operations, up from $3.22 billion in 2024.↗ source
How it makes money
AppLovin earns revenue when advertisers hit their return-on-ad-spend targets, so it is paid for results rather than fixed prices per impression or click. Revenue from Axon Ads Manager, now called AppLovin Ads, makes up substantially all of the company's revenue. Advertisers can also buy by cost per purchaser or by lead. MAX, Adjust and Wurl are the other products in the advertising segment.
Last 12 monthsChart & venues →
Valuation & fundamentalsFull financials →
TTM through 2026-06-30 from SEC filings↗ (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price. Quarterly statements →
Biggest businessesAll products & projects →
AppLovin Ads
Open to all businesses since June 22, 2026, with no referral code needed
Next: Q3 2026 results, the first full quarter with the platform open to all · 2026-11-04
Axon AI
AI recommendation engine behind AppLovin Ads; no separate figures disclosed
MAX
In-app mediation product, reported inside the advertising segment
Adjust
Mobile app measurement and analytics, part of the advertising segment
Latest newsAll news →
AppLovin schedules Q3 2026 results for November 4 after the close
AppLovin announced on October 7, 2026 that it will report third-quarter 2026 results after the U.S.
AppLovin reports fiscal Q2 2026 results: revenue $1.92B, up 53% from a year earlier
AppLovin filed a Form 8-K with the SEC on Aug 5, 2026, 4:06 PM ET, reporting an event dated Aug 5, 2026.
AppLovin Q2 2026 revenue rose 53% to $1.92 billion, adjusted EBITDA up 58%; Q3 guidance $2.055–$2.085 billion
AppLovin reported second-quarter 2026 revenue of $1.924 billion, up 53%, and adjusted EBITDA of $1.614 billion at an 84% margin.
AppLovin Ads opens to all businesses with no referral code, bringing the self-serve ad platform to the public
On June 22, 2026 AppLovin opened its self-serve advertising platform, now named AppLovin Ads and formerly Axon Ads Manager, to any business without a referral code or prior relationship.
AppLovin reports fiscal Q1 2026 results: revenue $1.84B, up 59% from a year earlier
AppLovin filed a Form 8-K with the SEC on May 6, 2026, 4:07 PM ET, reporting an event dated May 6, 2026.
AppLovin Q1 2026 revenue rose 59% to $1.84 billion; Q2 guidance $1.915–$1.945 billion
AppLovin reported first-quarter 2026 revenue of $1.842 billion, up 59%, with adjusted EBITDA of $1.557 billion at an 85% margin.
Products & businesses
AppLovin Ads
Open to all businesses since June 22, 2026, with no referral code needed
Next: Q3 2026 results, the first full quarter with the platform open to all · 2026-11-04
Axon AI
AI recommendation engine behind AppLovin Ads; no separate figures disclosed
MAX
In-app mediation product, reported inside the advertising segment
Adjust
Mobile app measurement and analytics, part of the advertising segment
Wurl
Connected TV advertising platform, part of the advertising segment
Cost-per-purchaser and lead campaigns
Two buying models next to return on ad spend, offered on AppLovin Ads
Segments
| Segment | Revenue | Share | |
|---|---|---|---|
| Advertising↗ AppLovin Ads (formerly Axon Ads Manager), MAX, Adjust and Wurl. This is the only reportable segment after the Apps business was sold on June 30, 2025. | $5.48B | 100.0% |
Fiscal 2025 · from the annual report
Valuation & fundamentals
TTM through 2026-06-30 from SEC filings↗ (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price.
Financial statements
| Metric | TTM | Q2 FY2026↗ 2026-06-30 | Q1 FY2026↗ 2026-03-31 | Q4 FY2025↗ 2025-12-31 | Q3 FY2025↗ 2025-09-30 | Q2 FY2025↗ 2025-06-30 | Q1 FY2025↗ 2025-03-31 | Q4 FY2024↗ 2024-12-31 | Q3 FY2024↗ 2024-09-30 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.83B | $1.92B +53% | $1.84B +59% | $1.66Bd +66% | $1.41B +68% | $1.26B +77% | $1.16B +10% | $999.5Md | $835.2M -3% |
| Gross profit | $6.04B | $1.70Bd +54% | $1.64Bd +63% | $1.47Bd +74% | $1.23Bd +72% | $1.10Bd +87% | $1.01Bd +32% | $846.1Md | $714.3Md +19% |
| Operating income | $5.29B | $1.49B +56% | $1.44B +71% | $1.28Bd +103% | $1.08B +102% | $957.7M +149% | $840.0M +147% | $628.3Md +60% | $534.3M +187% |
| Net income | $4.41B | $1.27B +55% | $1.21B +109% | $1.10Bd +84% | $835.5M +92% | $819.5M +164% | $576.4M +144% | $599.2Md +248% | $434.4M +300% |
| EPS (diluted) | $13.01 | $3.76 +57% | $3.56 +113% | $3.24d +88% | $2.45 +96% | $2.39 +169% | $1.67 +149% | $1.72d +258% | $1.25 +317% |
| Operating cash flow | $4.53B | $869.0Md +13% | $1.29B +55% | $1.31Bd +87% | $1.05Bd +91% | $772.2Md +70% | $831.7M +112% | $701.0Md +104% | $550.7Md +177% |
| Capital expenditure | — | — | — | — | — | — | — | — | — |
| Share buybacks | $2.45B | $551.2Md +103% | $981.7M -2% | $417.6Md +66718% | $501.9Md +120% | $271.5Md | $1.00B +33% | $625.0Kd | $228.4Md -61% |
| Cash & equivalents | $3.05B | $3.05B | $2.76B | $2.49B | $1.67B | $1.19B | $551.0M | $697.0M | $567.6M |
| Total debt | $3.52B | $3.52B | $3.51B | $3.51B | $3.51B | $3.51B | $3.71Bd | $3.51Bd | $3.51Bd |
| Shares outstanding | 335.3M | 335.3M | 336.3M | 338.3M | 338.5M | 338.8M | 338.4M | 340.0M | 335.5M |
| Metric | FY2025↗ 2025-12-31 | FY2024↗ 2024-12-31 | FY2023↗ 2023-12-31 | FY2022↗ 2022-12-31 |
|---|---|---|---|---|
| Revenue | $5.48B +70% | $3.22B +75% | $1.84B -35% | $2.82B |
| Cost of revenue | $665.1M +28% | $520.6M +46% | $356.6M -72% | $1.26B |
| Gross profit | $4.82Bd +78% | $2.70Bd +82% | $1.49Bd -5% | $1.56Bd |
| Research & development | $226.5M -40% | $374.7M +12% | $333.8M -34% | $507.6M |
| Operating income | $4.15B +117% | $1.91B +147% | $772.4M | −$47.8M |
| EBIT | $4.15B +117% | $1.91B +147% | $772.4M | −$47.8M |
| Pre-tax income | $3.95B +145% | $1.61B +221% | $501.6M | −$205.2M |
| Depreciation & amortization | $194.8M -57% | $448.7M -8% | $489.0M -11% | $547.1M |
| Interest expense | $200.6M -35% | $308.0M +9% | $281.7M +64% | $172.2M |
| Income tax | $519.7M +2218% | $22.4M -49% | $43.8M | −$12.2M |
| Net income | $3.33B +111% | $1.58B +343% | $356.7M | −$192.7M |
| EPS (diluted) | $9.75 +115% | $4.53 +362% | $0.98 | −$0.52 |
| Diluted shares (weighted) | 342.0M | 347.8M | 362.6M | 371.6M |
| Operating cash flow | $3.97B +89% | $2.10B +98% | $1.06B +157% | $412.8M |
| Capital expenditure | — | $4.8M +12% | $4.2M +541% | $662.0K |
| Share buybacks | $2.19B +123% | $981.3M -15% | $1.15B +240% | $338.9M |
| Cash & equivalents | $2.49B | $697.0M | $502.2M | $1.08B |
| Long-term debt (incl. current portion) | $3.51B | $3.51B | $3.12B | $3.21B |
| Total debt | $3.51B | $3.51Bd | $3.34Bd | $3.25Bd |
| Total assets | $7.26B | $5.87B | $5.36B | $5.85B |
| Total liabilities | $5.12B | $4.78B | $4.10B | $3.95B |
| Shareholders' equity | $2.13B | $1.09B | $1.26B | $1.90B |
| Shares outstanding | 338.3M | 340.0M | 339.9M | 373.9M |
From XBRL data in SEC filings; the ↗ on each period opens the filing it was read from. Small figures under each value: change vs the same period a year earlier. d = derived (e.g. Q4 = full year − first nine months).
NewsFull archive →
AppLovin schedules Q3 2026 results for November 4 after the close
AppLovin announced on October 7, 2026 that it will report third-quarter 2026 results after the U.S.
AppLovin reports fiscal Q2 2026 results: revenue $1.92B, up 53% from a year earlier
AppLovin filed a Form 8-K with the SEC on Aug 5, 2026, 4:06 PM ET, reporting an event dated Aug 5, 2026.
AppLovin Q2 2026 revenue rose 53% to $1.92 billion, adjusted EBITDA up 58%; Q3 guidance $2.055–$2.085 billion
AppLovin reported second-quarter 2026 revenue of $1.924 billion, up 53%, and adjusted EBITDA of $1.614 billion at an 84% margin.
AppLovin Ads opens to all businesses with no referral code, bringing the self-serve ad platform to the public
On June 22, 2026 AppLovin opened its self-serve advertising platform, now named AppLovin Ads and formerly Axon Ads Manager, to any business without a referral code or prior relationship.
AppLovin reports fiscal Q1 2026 results: revenue $1.84B, up 59% from a year earlier
AppLovin filed a Form 8-K with the SEC on May 6, 2026, 4:07 PM ET, reporting an event dated May 6, 2026.
AppLovin Q1 2026 revenue rose 59% to $1.84 billion; Q2 guidance $1.915–$1.945 billion
AppLovin reported first-quarter 2026 revenue of $1.842 billion, up 59%, with adjusted EBITDA of $1.557 billion at an 85% margin.
AppLovin names Craig Billings independent chair; Gio Ge to become CTO and Corina Cacovean chief legal officer
AppLovin announced succession plans for several top roles.
AppLovin sets May 6, 2026 for first-quarter results and webinar
AppLovin announced on April 1, 2026 that it would report first-quarter 2026 results after the U.S.
AppLovin reports fiscal Q4 2025 results: revenue $1.66B, up 66% from a year earlier
AppLovin filed a Form 8-K with the SEC on Feb 11, 2026, 4:07 PM ET, reporting an event dated Feb 11, 2026.
AppLovin Q4 2025 revenue rose 66% to $1.66 billion; Q1 2026 guidance $1.745–$1.775 billion
AppLovin reported fourth-quarter 2025 revenue of $1.658 billion, up 66% from a year earlier, with adjusted EBITDA of $1.399 billion at an 84% margin.
CapitalWatch retracts its money-laundering claims against a major AppLovin shareholder
CapitalWatch issued a correction and apology and withdrew its allegations against Hao Tang personally, saying a court document had been read incorrectly.
CapitalWatch alleges AppLovin's ad platform was used for money laundering; shares fell the next morning
On January 19, 2026, the short-seller CapitalWatch published a report alleging that AppLovin's advertising business benefited from illicit cryptocurrency funds routed through its platform.
AppLovin reports fiscal Q3 2025 results: revenue $1.41B, up 68% from a year earlier
AppLovin filed a Form 8-K with the SEC on Nov 5, 2025, 4:07 PM ET, reporting an event dated Nov 5, 2025.
SEC filings
| Oct 16, 26 | 4 | Form 4: Messing Barbara (Director) — award 64 sh | sec.gov ↗ |
| Oct 16, 26 | 4 | Form 4: WEBB MAYNARD G JR (Director) — award 67 sh | sec.gov ↗ |
| Aug 21, 26 | 4 | Form 4: Valenzuela Victoria (Director) — tax withholding 2,730 sh | sec.gov ↗ |
| Aug 21, 26 | 4 | Form 4: Stumpf Matthew (Chief Financial Officer (CFO)) — tax withholding 2,021 sh | sec.gov ↗ |
| Aug 21, 26 | 4 | Form 4: Ge Xiaochuan (CTO) — tax withholding 5,459 sh | sec.gov ↗ |
| Aug 21, 26 | 4 | Form 4: Foroughi Arash Adam (CEO, Director, 10% Owner) — tax withholding 2,730 sh | sec.gov ↗ |
| Aug 21, 26 | 4 | Form 4: Cacovean Corina I (Chief Legal Officer) — tax withholding 1,540 sh | sec.gov ↗ |
| Aug 21, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Aug 14, 26 | 4 | Form 4: Chen Herald Y (Director) — conversion 143,791 sh, gift 200,000 sh | sec.gov ↗ |
| Aug 7, 26 | 4 | Form 4: Vivas Eduardo (Director) — gift 427,350 sh | sec.gov ↗ |
| Aug 5, 26 | 10-Q | 10-Q: Quarterly report for the period ended Jun 30, 2026 | sec.gov ↗ |
| Aug 5, 26 | 8-K | 8-K: Results of Operations (Item 2.02) | sec.gov ↗ |
| Aug 3, 26 | 3 | Form 3: Initial insider ownership statement | sec.gov ↗ |
| Jul 17, 26 | 4 | Form 4: WEBB MAYNARD G JR (Director) — award 41 sh | sec.gov ↗ |
| Jul 17, 26 | 4 | Form 4: Messing Barbara (Director) — award 40 sh | sec.gov ↗ |
| Jul 8, 26 | 4 | Form 4: WEBB MAYNARD G JR (Director) — open-market sale 3,076 sh | sec.gov ↗ |
| Jul 6, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Jul 2, 26 | 3 | Form 3: Initial insider ownership statement | sec.gov ↗ |
| Jun 18, 26 | 4 | Form 4: Vivas Eduardo (Director) — open-market sale 163,910 sh | sec.gov ↗ |
| Jun 16, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Jun 16, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Jun 12, 26 | 4 | Form 4: Foroughi Arash Adam (CEO, Director, 10% Owner) — open-market sale 22,544 sh | sec.gov ↗ |
| Jun 12, 26 | 4 | Form 4: Foroughi Arash Adam (CEO, Director, 10% Owner) — open-market sale 52,165 sh | sec.gov ↗ |
| Jun 12, 26 | 4 | Form 4: Foroughi Arash Adam (CEO, Director, 10% Owner) — gift 16,667 sh, open-market sale 29,457 sh | sec.gov ↗ |
| Jun 12, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
Insider trades, 12 months
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-07-06 | WEBB MAYNARD G JR Director | Sale 10b5-1 plan | 3.1K | $521.29 | $1.6M |
| 2026-06-16 | Vivas Eduardo Director | Sale 10b5-1 plan | 163.9K | $504.06 | $82.6M |
| 2026-06-12 | Foroughi Arash Adam CEO, Director, 10% Owner | Sale | 19.1K | $482.02 | $9.2M |
| 2026-06-12 | Foroughi Arash Adam CEO, Director, 10% Owner | Sale | 22.5K | $494.98 | $11.2M |
| 2026-06-11 | Foroughi Arash Adam CEO, Director, 10% Owner | Sale | 8.6K | $476.30 | $4.1M |
| 2026-06-11 | Foroughi Arash Adam CEO, Director, 10% Owner | Sale | 33.0K | $486.95 | $16.1M |
| 2026-06-10 | Foroughi Arash Adam CEO, Director, 10% Owner | Sale | 20.8K | $503.91 | $10.5M |
| 2026-06-05 | WEBB MAYNARD G JR Director | Sale 10b5-1 plan | 3.1K | $582.04 | $1.8M |
| 2026-06-04 | Valenzuela Victoria CALO & Corp. Secretary | Sale | 20.0K | $565.89 | $11.3M |
| 2026-05-28 | Stumpf Matthew Chief Financial Officer (CFO) | Sale 10b5-1 plan | 9.1K | $600.00 | $5.4M |
| 2026-05-22 | Shikin Vasily Chief Technology Officer | Sale 10b5-1 plan | 70.9K | $484.33 | $34.3M |
| 2026-05-22 | Shikin Vasily Chief Technology Officer | Sale 10b5-1 plan | 15.9K | $483.99 | $7.7M |
| 2026-05-22 | Shikin Vasily Chief Technology Officer | Sale 10b5-1 plan | 2.9K | $488.90 | $1.4M |
| 2026-03-16 | Vivas Eduardo Director | Sale 10b5-1 plan | 163.9K | $453.49 | $74.3M |
| 2026-03-13 | Dorosh Dmitriy Principal Accounting Officer | Sale | 3.1K | $453.42 | $1.4M |
| 2026-03-13 | Vivas Eduardo Director | Sale | 20.9K | $458.67 | $9.6M |
| 2026-03-12 | Foroughi Arash Adam CEO & Chairperson, Director, 10% Owner | Sale | 9.3K | $451.17 | $4.2M |
| 2026-03-12 | Foroughi Arash Adam CEO & Chairperson, Director, 10% Owner | Sale | 40.7K | $459.85 | $18.7M |
| 2026-03-11 | Foroughi Arash Adam CEO & Chairperson, Director, 10% Owner | Sale | 50.0K | $466.04 | $23.3M |
| 2026-03-10 | Shikin Vasily Chief Technology Officer | Sale 10b5-1 plan | 68.0K | $485.74 | $33.0M |
| 2026-03-10 | Shikin Vasily Chief Technology Officer | Sale 10b5-1 plan | 9.3K | $486.31 | $4.5M |
| 2026-03-10 | Shikin Vasily Chief Technology Officer | Sale 10b5-1 plan | 6.5K | $489.05 | $3.2M |
| 2026-03-10 | Shikin Vasily Chief Technology Officer | Sale 10b5-1 plan | 5.7K | $490.89 | $2.8M |
| 2026-03-10 | Shikin Vasily Chief Technology Officer | Sale 10b5-1 plan | 204 | $513.65 | $104.8K |