AppLovin 8-K

PositiveEarningsNew guidance

Prior-year discontinued-operations losses amplified net income growth; Class A repurchases and withholding reduced share count.

Filed 2026-05-06 16:07 ET

Summary

Q1 2026 results with Q2 guidance. AppLovin reported 59% Y/Y revenue growth and 109% growth in net income; adjusted EBITDA margin was 85%. Q2 guidance covers revenue, adjusted EBITDA and adjusted EBITDA margin.

Key Figures

Metric Q1 2026 Q1 2025 Y/Y
Revenue $1.84B $1.16B 59%
Operating income $1.44B $840M 71%
Net income $1.21B $576M 109%
Adjusted EBITDA (non-GAAP) $1.56B $938M 66%
Adjusted EBITDA margin (non-GAAP) 85% 81% +400 bp
Net income from continuing operations $1.21B $724M 67%
Diluted EPS $3.56 $1.67 113%
Operating cash flow $1.29B $832M 55%
Free cash flow (non-GAAP) $1.29B $826M 56%
  • 2025 net income included a $147M loss from discontinued operations; 2026 net income was entirely from continuing operations.
  • AppLovin repurchased and withheld 2.2M Class A shares at a total cost of $1.0B. Total shares outstanding fell from 338.313M at 12/31/2025 to 336.294M at 3/31/2026.
  • Cash and cash equivalents were $2.76B at 3/31/2026, up from $2.49B at 12/31/2025; long-term debt carrying value was $3.51B.

Guidance

Metric Period Guidance Prior Direction
Revenue Q2 2026 $1.915B-$1.945B — —
Adjusted EBITDA (non-GAAP) Q2 2026 $1.615B-$1.645B — —
Adjusted EBITDA margin (non-GAAP) Q2 2026 84%-85% — —

No forward-looking GAAP equivalents were provided for adjusted EBITDA or its margin because reconciling items are uncertain and variable.

Investor Takeaways

  • Q2 revenue and adjusted EBITDA versus guidance will show whether Q1’s growth and high adjusted EBITDA margin carry into the next quarter.

The summary is written by an AI model reading the filing.

Model 005 · prompt 01d34d48e3

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