Companies/Technology/Software: application (advertising technology)

AppLovin

APP · NasdaqEarnings Nov 4Palo Alto, California898 employeesWebsite ↗
271.93▲ 0.34%Pooled price · full market data →

What matters nowUpdated 3 h 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 2.
  • 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, and Polymarket puts an 81.5% probability on no change in Fed interest rates after the October 2026 meeting. 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.
[2]
AppLovin files quarterly report (10-Q) for the period ended Jun 30, 2026
SEC EDGAR · Aug 5

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.

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 →

283.17471.41659.65AppLovin Q2 2026 revenue rose 53% to $1.92 billion, adjusted EBITDA up 58%; Q3 guidance $2.055–$2.085 billion1AppLovin Ads opens to all businesses with no referral code, bringing the self-serve ad platform to the public2AppLovin Q1 2026 revenue rose 59% to $1.84 billion; Q2 guidance $1.915–$1.945 billion3AppLovin names Craig Billings independent chair; Gio Ge to become CTO and Corina Cacovean chief legal officer4AppLovin Q4 2025 revenue rose 66% to $1.66 billion; Q1 2026 guidance $1.745–$1.775 billion5Dec 31Mar 13May 23Aug 2Oct 12
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Valuation & fundamentalsFull financials →

Market cap$91.17Bpooled price × shares
Enterprise value$91.64B+ net debt $461.8M
P/E (TTM)20.9×EPS $13.01
EV / EBITDA16.9×EBITDA $5.42B
P / Sales13.4×EV/Sales 13.4×
P / Book28.8×equity $3.16B
FCF yield—FCF —
Shareholder yield2.7%div — · buyback 2.7%
Revenue (TTM)$6.83B60.6% YoY
Last quarter revenue52.8%growth YoY
EPS growth (TTM)85.1%last Q 57.3%
Gross margin88.5%operating 77.4%
Net margin64.6%EBITDA 79.4%
ROE203.7%on average equity
Cash$3.05Bdebt $3.52B
Shares out335.3Mdiluted 337.0M

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 →

scalingplatform

AppLovin Ads

Open to all businesses since June 22, 2026, with no referral code needed

Revenue · Q2 2026 (quarter ended June 30, 2026)
$1.924 billion +53% year over year
Adjusted EBITDA · Q2 2026 (quarter ended June 30, 2026)
$1.614 billion (84% margin) +58% year over year
Free cash flow · Q2 2026 (quarter ended June 30, 2026)
$863.3 million

Next: Q3 2026 results, the first full quarter with the platform open to all · 2026-11-04

scalinginfrastructure

Axon AI

AI recommendation engine behind AppLovin Ads; no separate figures disclosed

launchedplatform

MAX

In-app mediation product, reported inside the advertising segment

launchedservice

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.

Earnings

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.

Earnings

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.

Product

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.

Earnings
Management

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.

Earnings