AppLovin's third quarter 2026 revenue of $2.18B beat estimates as margins expanded to 84%

AppLovin reported record results for the third quarter 2026, with revenue climbing 55% year-over-year to $2.18 billion, exceeding analyst expectations. The company demonstrated significant operating leverage, achieving an industry-leading 84% adjusted EBITDA margin and a 72% increase in net income.

Key Highlights

• Revenue reached $2.185 billion, surpassing the $2.08 billion consensus estimate behind strong performance in the marketing platform.
• Diluted EPS of $4.30 beat the $3.94 estimate, driven by net income growth of 72% year-over-year to $1.44 billion.
• Adjusted EBITDA grew 59% to $1.84 billion, representing an 84% margin, a slight expansion over the expected 83% range.
• Shareholder returns remained aggressive with $1.4 billion in stock repurchases during the quarter and a fresh $3.2 billion increase to the buyback authorization.