AppLovin earnings: date, guidance and results
AppLovin's next results are expected on November 4, 2026. AppLovin must show whether model improvements delivered the expected reacceleration.
What has AppLovin guided for the quarter ending September 2026?
AppLovin could reach $695.52 per share by October 2029 if model-driven earnings growth proves durable and valuation confidence holds. On August 5, 2026, management guided to $2,055 million–$2,085 million revenue for the quarter ending September 2026. It also guided to an 83.0% Adjusted EBITDA margin.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Revenue | Quarter to Sep 2026 | 2,055 | 2,085 | Aug 5, 2026 |
| Adjusted EBITDA | Quarter to Sep 2026 | 1,710 | 1,740 | Aug 5, 2026 |
| Adjusted EBITDA Margin | Quarter to Sep 2026 | 83.0% | 83.0% | Aug 5, 2026 |
What this means. These are company estimates for the three months ending September 2026, not final results, and no full-year estimate was provided.
What has AppLovin's last eight quarters shown?
Revenue, operating income, continuing net income and diluted earnings per share all grew strongly from the prior year. The eight-quarter sequence shows a different signal: progress from March slowed sharply. Gross margin eased from March but remained above the level of a year earlier. The business was still expanding, but its pace had become more sensitive to execution.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,923,686 | 1,842,449 | 1,657,944 | 1,405,045 | 1,258,754 | 1,158,974 | 999,487 | 835,186 |
| Gross margin | 88.3% | 88.9% | 88.9% | 87.6% | 87.7% | 86.9% | 84.7% | 85.5% |
| Operating income | 1,494,277 | 1,439,933 | 1,275,243 | 1,079,007 | 957,682 | 839,982 | 628,334 | 534,299 |
| Net income | 1,266,538 | 1,205,613 | 1,102,256 | 835,545 | 771,856 | 723,538 | 596,112 | 433,073 |
| EPS, diluted | 3.76 | 3.56 | 3.24 | 2.45 | 2.26 | 2.10 | 1.72 | 1.24 |
What this means. Free cash flow may look too high because the capital spending shown counts only equipment and buildings, not software and other intangible purchases.
What should AppLovin investors watch on November 4, 2026?
AppLovin will report Q3 results after the US market closes on November 4, 2026, followed by a management webinar at 5 p.m. Eastern. The quarter ended September 30, so the release should show whether the improvements running in early Q3 delivered the expected reacceleration.
The key comparison is revenue against computing expense and cash generation. Stronger sales with acceptable additional costs would support management’s investment logic. A weaker result would raise a different question: did model gains fade, or did customers increase budgets more slowly? One successful release shows progress; repeated profitable improvements would establish a dependable process.