AppLovin Corp reported results for the 2026 quarter with revenue of $1.92B and diluted EPS of $3.76, both up strongly versus the prior-year period as the company benefited from higher monetization in its AppLovin Ads business and operational leverage.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$1.92B$1.26B52.8% | Net income²$1.27B$819.53M54.5% | Diluted EPS³$3.76$2.3957.3% |
¹ Reported as “Revenue”. ² Reported as “Net income”. ³ Reported as “Diluted net income per share”.
Business Highlights
- Revenue growth was driven by AppLovin Ads, which reported higher net revenue per install (up 58% in the quarter and 75% year-to-date), contributing to 53% quarter-over-quarter revenue growth and 56% YTD growth.
- Product and channel diversification continued with MAX, Adjust and Wurl supporting publishers, measurement and connected-TV monetization.
- Operating margin expanded, with income from operations representing roughly 78% of revenue in the quarter, aided by lower cost ratios despite increased infrastructure spend.
- The company notably increased R&D and stock-based compensation to accelerate its Axon AI initiatives and expand beyond gaming into e-commerce and CTV.
- Strong operating cash flow funded continued investment, capital expenditures, infrastructure and lease commitments, and supported share repurchases.
Original SEC Filing:
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