AppLovin 8-K
PositiveEarningsNew guidance
Management guides Q4 GAAP revenue to $2.365B–$2.395B; stockholders approve Delaware-to-Nevada reincorporation.
Filed 2026-11-04 16:08 ET
- 2.02 Results of Operations
- 5.07 Shareholder Vote Results
- 9.01 Financial Statements and Exhibits
Summary
Q3 2026 results with Q4 guidance. Record revenue rose 55% Y/Y to $2.18B and net income rose 72% to $1.44B. Separately, holders representing approximately 67% of voting power approved reincorporating AppLovin from Delaware to Nevada by written consent.
The Q4 revenue guide midpoint is +8.9% Q/Q and +44% Y/Y from Q3 revenue of $2.18B; non-GAAP Adjusted EBITDA midpoint is +9.1% Q/Q from $1.84B, with an 84%-85% margin vs 84% in Q3.
Key Figures
| Metric | Q3 2026 | 9M 2026 |
|---|---|---|
| Revenue | $2.18B, +55% Y/Y | $5.95B, +56% Y/Y |
| Operating income | $1.71B, +58% Y/Y | $4.64B, +61% Y/Y |
| Net income | $1.44B, +72% Y/Y | $3.91B, +75% Y/Y |
| Adjusted EBITDA, non-GAAP | $1.84B, +59% Y/Y | $5.01B, +61% Y/Y |
| Diluted EPS | $4.30, +76% Y/Y | $11.61, +71% Y/Y |
| Net margin | 66%, vs 59% | 66%, vs 58% |
| Adjusted EBITDA margin, non-GAAP | 84%, vs 82% | 84%, vs 81% |
| Net cash from operating activities | $1.43B, +36% Y/Y | $3.59B, +35% Y/Y |
| Free cash flow, non-GAAP | $1.42B, +35% Y/Y | — |
- Other income, net, shifted to $86.0M from $(6.6)M in Q3 2025, contributing to net income growing faster than operating income.
- Q3 repurchases and share withholdings totaled 4.1M Class A shares and $1.4B. For 9M, repurchases were $2.81B; period-end shares outstanding were 331.3M, down from 338.3M at 12/31/2025.
- The board increased the repurchase authorization by $3.2B, to $3.6B as of the end of October. At 9/30/2026, cash was $3.17B and long-term debt was $3.52B.
- Consenting stockholders held 2.37M Class A and 30.1M Class B shares, representing approximately 67% of voting power. The Nevada reincorporation is to take effect no earlier than 20 days after mailing the information statement to holders of record as of 10/29/2026.
Against earlier guidance (derived from earlier filings)
| Metric | Period | Earlier guidance | Actual | Result |
|---|---|---|---|---|
| Revenue (GAAP) | Q3 2026 | $2.055B-$2.085B | $2.18B | beat |
| Adjusted EBITDA (non-GAAP) | Q3 2026 | $1.710B-$1.740B | $1.84B | beat |
| Adjusted EBITDA margin (non-GAAP) | Q3 2026 | 83% | 84% | beat |
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Revenue, GAAP | Q4 2026 | $2.365B-$2.395B | — | — |
| Adjusted EBITDA, non-GAAP | Q4 2026 | $1.995B-$2.025B | — | — |
| Adjusted EBITDA margin, non-GAAP | Q4 2026 | 84%-85% | — | — |
The summary is written by an AI model reading the filing.
Model 005 · prompt v175 · 2026-11-04 23:36:29Z