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. Net income rose 109% to $1.206 billion and free cash flow reached $1.287 billion. The company guided second-quarter revenue to $1.915–$1.945 billion and adjusted EBITDA to $1.615–$1.645 billion, and it repurchased and withheld shares worth $1.0 billion in the quarter.

• Q1 2026 revenue $1,842.4 million (+59%); net income $1,205.6 million (+109%)
• Adjusted EBITDA $1,556.9 million (+66%, 85% margin); free cash flow $1,286.7 million
• Q2 2026 guidance: revenue $1,915–$1,945 million; adjusted EBITDA $1,615–$1,645 million (84–85% margin)
• Repurchased and withheld 2.2 million Class A shares for $1.0 billion in Q1
• Long-term debt $3,514 million at March 31, 2026; no debt issued in the quarter

SEC filing 8-K · accession 0001751008-26-000042 · sec.gov ↗