NASDAQ$APP

Applovin Corp · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

AppLovin reported Q4 2025 revenue of $1.66B with net income of $1.10B and diluted EPS of $3.24.

Revenue grew 66% year over year to $1.66 billion as the marketing platform scaled. Net income was $1.10 billion and Adjusted EBITDA was $1.40 billion (84% margin). Diluted EPS was $3.24 versus $1.73 a year ago. Management guided Q1 2026 revenue of $1.75B–$1.78B with Adjusted EBITDA margin around 84% and repurchased $481.7 million of stock in the quarter.

  • Q4 revenue $1.66B (+66% YoY); Adjusted EBITDA $1.40B.
  • Diluted EPS $3.24; free cash flow $1.31B in Q4.
  • Q1 2026 revenue guide $1.75B–$1.78B.
  • Share repurchases $481.7M in the quarter.

Headline financials

Total Revenue

$1.66B

Previous: $1.37B+20.8%
EPS (adj)

$3.24

Previous: $1.73+87.3%
Adjusted EBITDA

$1.4B

Previous: $770M+81.7%
Adjusted EBITDA Margin

84.0%

Previous: 77.0%+9.1%
Net Income from Continuing Operations

$1.1B

Previous: $596M+84.9%
Net Margin

66.0%

Previous: 60.0%+10.0%
Net Cash from Operating Activities

$1.31B

Previous: $701M+87.4%
Net Income

$1.1B

Previous: $599M+83.9%
Operating Income

$1.28B

Previous: $608M+109.8%
Gross Profit

$1.47B

No prior period

Revenue & EPS history

AppLovin · Revenue · Quarterly

$1.66B

Q4 2025+20.8%vs Q4 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

The release discusses AppLovin's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • AppLovin cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+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
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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro