Jun 2026 (Q2 FY26) — Aug 5, 2026
AppLovin Q2 FY26 — Model Uplift Timing Impacts Results, Q3 Reacceleration Expected
Read the full callAppLovin (APP) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
AppLovin earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,924 | +52.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 77.7 | +1.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 1,267 | +54.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
28 of 31 judged targets kept · 8 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| AXON ads manager global public launch | global public launch | Jun 2025 | During the quarter, we also opened up our platform to the public under its original name, AppLovin Ads Manager. | Achieved |
| Adjusted EBITDA margin | approximately 84% to 85% | Mar 2026 | our adjusted EBITDA was just below the range. | Missed |
| Adjusted EBITDA margin | approximately 83% | Jun 2026 | We expect adjusted EBITDA between $1.71 billion and $1.74 billion, representing 48% to 50% year-over-year growth with an adjusted EBITDA margin of approximately 83%. | New |
3 of AppLovin Corp's 39 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 36 more targets are in the full ledger.
Claimed
- Q2 FY26 revenue reached $1.92 billion, growing 53% year-over-year and 4% sequentially.
- Adjusted EBITDA was $1.61 billion, up 58% year-over-year, with margins expanding approximately 300 basis points.
- Consumer vertical advertiser spend set a new record, finishing 28% above Q4 2025 levels.
- Net leverage ended at approximately 0.1x trailing 12-month adjusted EBITDA, well below the long-term target of 1x.
- The SEC inquiry was concluded with no recommended action, resolving a prior concern.
Qualified
- Q2 FY26 revenue of $1.92 billion was just below the midpoint of guidance.
- Adjusted EBITDA of $1.61 billion was just below the guidance range.
- Free cash flow for Q2 FY26 was $863 million, below normal cadence due to timing of international cash tax and interest payments.
- Pace of meaningful model improvement was lighter than normal during Q2, impacting performance.
- Moderated share buyback pace in Q2, repurchasing $551 million, compared to roughly $1 billion in Q1.
Price
$269.12 +1.12% · +$2.99
Performance −55.1% 1Y
1Y: $599.31 on 17 Oct 2025 → $269.12. High $733.6 (22 Dec 2025), low $262.19 (14 Oct 2026).
- Previous close
- $266.13
- 52-week range
- $262.19 – $733.6
- One year
- −52.45%
Overview
- Symbol
- APP
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
28 of 31 judged targets kept · 8 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| AXON ads manager global public launch | global public launch | Jun 2025 | During the quarter, we also opened up our platform to the public under its original name, AppLovin Ads Manager. | Achieved |
| Adjusted EBITDA margin | approximately 84% to 85% | Mar 2026 | our adjusted EBITDA was just below the range. | Missed |
| Adjusted EBITDA margin | approximately 83% | Jun 2026 | We expect adjusted EBITDA between $1.71 billion and $1.74 billion, representing 48% to 50% year-over-year growth with an adjusted EBITDA margin of approximately 83%. | New |
Claimed
- Q2 FY26 revenue reached $1.92 billion, growing 53% year-over-year and 4% sequentially.
- Adjusted EBITDA was $1.61 billion, up 58% year-over-year, with margins expanding approximately 300 basis points.
- Consumer vertical advertiser spend set a new record, finishing 28% above Q4 2025 levels.
- Net leverage ended at approximately 0.1x trailing 12-month adjusted EBITDA, well below the long-term target of 1x.
- The SEC inquiry was concluded with no recommended action, resolving a prior concern.
Qualified
- Q2 FY26 revenue of $1.92 billion was just below the midpoint of guidance.
- Adjusted EBITDA of $1.61 billion was just below the guidance range.
- Free cash flow for Q2 FY26 was $863 million, below normal cadence due to timing of international cash tax and interest payments.
- Pace of meaningful model improvement was lighter than normal during Q2, impacting performance.
- Moderated share buyback pace in Q2, repurchasing $551 million, compared to roughly $1 billion in Q1.
The full ledger
Open AppLovin Corp’s full ledger
A free account opens 5 company ledgers a month. All 39 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 6, 2026
AppLovin Q1 FY26 — Beat-and-raise ahead of June public platform launch
Read the full callDec 2025 (Q4 FY25) — Feb 11, 2026
AppLovin Q4 FY25 — Record Growth, Profitability, and Capital Returns Driven by AI Models and E-commerce Expansion
Read the full callEvery analysed call
AppLovin earnings calls (APP)
Financials
What the filings say
Net profit, year on year: +55% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 835 | 1,373 | 1,159 | 1,259 | 1,405 | 1,658 | 1,842 | 1,924 |
| Expenses | 301 | 765 | 319 | 301 | 326 | 383 | 403 | 429 |
| Operating profit | 534 | 608 | 840 | 958 | 1,079 | 1,275 | 1,440 | 1,494 |
| Operating margin | 64.0% | 44.3% | 72.5% | 76.1% | 76.8% | 76.9% | 78.2% | 77.7% |
| Other income | -67 | -93 | -45 | -74 | -58 | -22 | -9 | 11 |
| Interest | 75 | — | 53 | 51 | 51 | — | 51 | 51 |
| Profit before tax | 468 | 515 | 795 | 884 | 1,021 | 1,253 | 1,431 | 1,506 |
| Tax rate | 7.4% | −16.3% | 8.9% | 12.7% | 18.2% | 12.1% | 15.8% | 15.9% |
| Net profit | 434 | 599 | 576 | 820 | 836 | 1,102 | 1,206 | 1,267 |
| EPS ($ per share) | 1.29 | — | 1.70 | 2.42 | 2.47 | — | 3.57 | 3.77 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Equity capital | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | — | -1,012 | -977 | -1,170 | -813 | 599 | 1,735 |
| Total liabilities | — | 2,313 | 4,025 | 3,945 | 4,103 | 4,779 | 5,125 |
| Fixed assets | — | 29 | 64 | 79 | 173 | 160 | 122 |
| Total assets | — | 2,155 | 6,164 | 5,848 | 5,359 | 5,869 | 7,260 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | 198 | 223 | 362 | 413 | 1,062 | 2,099 | 3,971 |
| Cash from investing | -412 | -680 | -1,215 | -1,371 | -78 | -107 | 358 |
| Cash from financing | 333 | 378 | 3,110 | -527 | -1,563 | -1,750 | -2,593 |
| Net cash flow | 120 | -79 | 2,253 | -1,490 | -578 | 239 | 1,746 |
| Capital expenditure | -3 | -3 | -1 | -1 | -4 | -5 | — |
| Free cash flow | 195 | 220 | 360 | 412 | 1,057 | 2,094 | — |
APP revenue by segment
| Segment | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Reportable | — | — | — | — | 100% | 100% | 100% | 100% | +52.8% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2026 · share of revenue
- US 51% ↓ 3 pt
- Non Us 49%
As APP cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
760 filings between Oct 30, 2025 and Oct 15, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$574.15M
704 sales by 9 insiders
59% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 19
- Award — granted as compensation
- 1
- Option exercise — converted options into shares
- 19
- Tax withheld — shares kept back by the company to cover tax
Also filed: 15 gifts, 2 conversions.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Vivas Eduardo | — | $264.18M | Jun 16, 2026 |
| Foroughi Arash Adam | — | $147.07M | Jun 12, 2026 |
| Shikin Vasily | — | $132.21M | May 22, 2026 |
| Valenzuela Victoria | — | $16.32M | Jun 4, 2026 |
| Stumpf Matthew | — | $7.95M | May 28, 2026 |
| WEBB MAYNARD G JR | — | $3.39M | Jul 6, 2026 |
| Dorosh Dmitriy | — | $1.41M | Mar 13, 2026 |
| Billings Craig Scott | — | $1.39M | Nov 7, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | WEBB MAYNARD G JR Director | Award | 67 | $0 |
| Oct 15, 2026 | Messing Barbara Director | Award | 64 | $0 |
| Aug 20, 2026 | Valenzuela Victoria Director | Tax withheld | 2,730 | $842.9K |
| Aug 20, 2026 | Foroughi Arash Adam CEO | Tax withheld | 2,730 | $842.9K |
| Aug 20, 2026 | Stumpf Matthew Chief Financial Officer (CFO) | Tax withheld | 2,021 | $624.0K |
| Aug 20, 2026 | Ge Xiaochuan CTO | Tax withheld | 5,459 | $1.69M |
| Aug 20, 2026 | Cacovean Corina I Chief Legal Officer | Tax withheld | 1,540 | $475.5K |
| Aug 13, 2026 | Chen Herald Y Director | Gift | 100,000 | $0 |
| Aug 13, 2026 | Chen Herald Y Director | Gift | 100,000 | $0 |
| Aug 13, 2026 | Chen Herald Y Director | Conversion | 143,791 | $0 |
| Aug 7, 2026 | Vivas Eduardo Director | Gift | 213,675 | $0 |
| Aug 7, 2026 | Vivas Eduardo Director | Gift | 213,675 | $0 |
| Jul 15, 2026 | WEBB MAYNARD G JR Director | Award | 41 | $0 |
| Jul 15, 2026 | Messing Barbara Director | Award | 40 | $0 |
| Jul 6, 2026 | WEBB MAYNARD G JR Director | Sale 10b5-1 plan | 202 | $104.5K |
| Jul 6, 2026 | WEBB MAYNARD G JR Director | Sale 10b5-1 plan | 182 | $94.4K |
| Jul 6, 2026 | WEBB MAYNARD G JR Director | Sale 10b5-1 plan | 1,140 | $596.8K |
| Jul 6, 2026 | WEBB MAYNARD G JR Director | Sale 10b5-1 plan | 262 | $137.3K |
| Jul 6, 2026 | WEBB MAYNARD G JR Director | Sale 10b5-1 plan | 380 | $196.2K |
| Jul 6, 2026 | WEBB MAYNARD G JR Director | Sale 10b5-1 plan | 240 | $124.7K |
| Jul 6, 2026 | WEBB MAYNARD G JR Director | Sale 10b5-1 plan | 120 | $62.6K |
| Jul 6, 2026 | WEBB MAYNARD G JR Director | Sale 10b5-1 plan | 412 | $215.2K |
| Jul 6, 2026 | WEBB MAYNARD G JR Director | Sale 10b5-1 plan | 138 | $71.8K |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 6,991 | $3.51M |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 5,895 | $2.96M |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 4,869 | $2.44M |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 17,871 | $8.93M |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 19,421 | $9.68M |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 13,628 | $6.78M |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 11,122 | $5.60M |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 348 | $181.1K |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 4,695 | $2.33M |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 153 | $75.7K |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 547 | $283.5K |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 70 | $36.2K |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 100 | $51.7K |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 5,311 | $2.73M |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 5,260 | $2.70M |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 10,683 | $5.48M |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 6,177 | $3.16M |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 6,456 | $3.30M |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 408 | $210.2K |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 6,523 | $3.32M |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 2,156 | $1.10M |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 4,222 | $2.14M |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 40 | $20.8K |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 8,198 | $4.15M |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 9,319 | $4.71M |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 9,693 | $4.89M |
| Jun 16, 2026 | Vivas Eduardo Director | Sale 10b5-1 plan | 3,754 | $1.86M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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