NASDAQ$APP

Applovin Corp · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

AppLovin reported strong Q2 2026 results with revenue and profitability significantly exceeding prior year.

AppLovin Corporation announced financial results for the quarter ended June 30, 2026, showing robust growth in revenue and net income driven by its marketing platform. The company achieved record Adjusted EBITDA and generated substantial free cash flow while providing positive guidance for the third quarter. Share repurchases continued amid strong operational performance.

  • Revenue reached $1.924 billion, up 53% year-over-year.
  • Net income from continuing operations was $1.267 billion with a 66% net margin.
  • Adjusted EBITDA hit $1.614 billion at an 84% margin.
  • Free cash flow totaled $863 million with $3.05 billion in cash and equivalents at quarter end.

Headline financials

Total Revenue

$1.92B

Previous: $1.26B+52.8%
EPS (adj)

$3.76

Previous: $2.39+57.3%
Adjusted EBITDA

$1.61B

No prior period
Adjusted EBITDA Margin

84.0%

No prior period
Net Margin

66.0%

No prior period
Net Cash from Operating Activities

$869M

No prior period
Net Income from Continuing Operations

$1.27B

No prior period
Free Cash Flow

$863M

Previous: $820M+5.3%
Net Income

$1.27B

Previous: $820M+54.5%
Operating Income

$1.49B

Previous: $958M+56.0%
Gross Profit

$1.7B

Previous: $1.1B+53.8%
Cash & Equivalents

$3.05B

Previous: $1.19B+156.0%
Total Assets

$8.27B

Previous: $5.96B+38.8%

Revenue & EPS history

AppLovin · Revenue · Quarterly

$1.92B

Q2 2026+52.8%vs Q2 2025
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

AppLovin expects continued growth in Q3 2026 with revenue between $2.055 billion and $2.085 billion and Adjusted EBITDA between $1.71 billion and $1.74 billion at an 83% margin.

Tailwinds

  • Strong revenue growth trajectory maintained
  • High Adjusted EBITDA margins expected to continue

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+9.6%

Avg return

Earnings day

+13.8%

Avg return

5 days after

+19.8%

Avg return

30 days after

62%

16 / 26 earnings

Positive

+49.2%

Q3 2024

Best reaction

-19.7%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026+2.5%+4.3%+19.0%
Q4 2025-19.7%-17.6%+0.4%
Q3 2025-3.5%-3.6%+12.1%
Q2 2025+12.0%+19.6%+25.5%
Q1 2025+11.7%+22.0%+37.7%
Q4 2024+24.0%+30.4%-23.0%
Q3 2024+49.2%+73.4%+143.1%
Q2 2024+11.2%+8.3%+22.6%
Q1 2024+9.9%+12.0%+6.3%
Q4 2023+27.6%+30.6%+37.7%
Q3 2023-3.0%+1.3%-8.6%
Q2 2023+23.8%+32.3%+40.2%
Q1 2023+26.9%+30.6%+30.8%
Q4 2022+25.4%+23.4%-4.2%
Q3 2022+7.2%+1.2%-31.8%
Q2 2022-4.3%-6.8%-23.0%
Q1 2022+26.7%+28.9%+24.6%
Q4 2019-5.1%+7.7%+10.4%
Q4 2021-15.1%-15.5%-27.9%
Q3 2020-10.5%-8.2%-21.1%
Q3 2021+10.9%-0.8%-12.5%
Q2 2020-1.9%+12.0%+35.8%
Q2 2021-0.4%-2.3%+35.3%
Q1 2020+25.2%+29.6%+65.3%
Q4 2020+25.2%+29.6%+65.3%
Q1 2021-6.7%+16.8%+54.2%
Q2 2015
Q1 2015

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