AppLovin Corp

AppLovin Q2 FY26 — Model Uplift Timing Impacts Results, Q3 Reacceleration Expected

• Strength Q2 FY26 revenue reached $1.92 billion, growing 53% year-over-year and 4% sequentially.
• Watch Q2 FY26 revenue of $1.92 billion was just below the midpoint of guidance.

AppLovin Q1 FY26 — Beat-and-raise ahead of June public platform launch

• Strength Revenue $1.84B, up 59% YoY and 11% QoQ, beating the high end of guidance.
• Watch Q2 FY26 guidance implies decelerating growth: 52%-55% YoY (vs 59% in Q1) and just 4%-6% sequential (vs 11% in Q1).

AppLovin Q4 FY25 — Record Growth, Profitability, and Capital Returns Driven by AI Models and E-commerce Expansion

• Strength Q4 revenue grew 66% YoY to $1.66 billion, driven by technology advancements, seasonal strength, and e-commerce.
• Watch Market sentiment disconnect regarding AI and competition challenges, despite strongest operating performance in company history.

AppLovin Q3 FY25 — Strong Performance Driven by Model Enhancements and Self-Service Platform Momentum

• Strength Revenue was approximately $1.405 billion, up 68% year-over-year.

AppLovin Q2 FY25 — Strong Growth Driven by Gaming and AXON Ads Manager Launch

• Strength Revenue increased by 77% year-over-year to approximately $1.260 billion, driven by core gaming.
• Watch Free cash flow was slightly lower than last quarter due to timing of interest payments on bonds and certain prior-year taxes.

AppLovin Q4 FY24 — Strong Growth Driven by E-commerce and Strategic Divestiture

• Strength Total revenue increased 44% year-over-year to $1.37 billion in Q4 FY24.
• Watch Apps business revenue decreased 1% year-over-year to $373 million in Q4 FY24.