AppLovin (APP) reported net income of US$ 1.4 billion (US$ 1,438.9 million) in the third quarter of 2026, up 72% from US$ 835.5 million in 3Q25. Revenue was US$ 2.2 billion (US$ 2,184.8 million), up 55% over the same period. The company describes the figures as a "record" for a third quarter.
Basic earnings per share (EPS) were US$ 4.31 and diluted EPS was US$ 4.30, compared with US$ 2.47 and US$ 2.45 in 3Q25. Net margin was 66%. Adjusted EBITDA (non-GAAP, earnings before interest, taxes, depreciation and amortization, with other adjustments) totaled US$ 1.8 billion (US$ 1,842.2 million), up 59%, with an adjusted margin of 84%. Operating income was US$ 1.7 billion (US$ 1,709.0 million).
Net cash from operating activities and free cash flow were US$ 1.4 billion in the quarter. As of September 30, 2026, cash was US$ 3.2 billion and long-term debt was US$ 3.5 billion.
During the quarter, the company repurchased and retired 4.1 million Class A shares, at a total cost of US$ 1.4 billion. The board of directors approved a US$ 3.2 billion increase in the share repurchase (buyback) authorization, which reached US$ 3.6 billion at the end of October, citing "continued confidence in the company's future."
For the fourth quarter of 2026, the company projects revenue between US$ 2.4 billion (US$ 2,365 million) and US$ 2.4 billion (US$ 2,395 million) and adjusted EBITDA between US$ 1,995 million and US$ 2,025 million, with a margin of 84% to 85%. Shareholders holding about 67% of the voting power approved moving the company's legal domicile from Delaware to Nevada.
