AppLovin's first quarter 2026 revenue surged 59% to $1.84B, beating estimates alongside strong profitability.

AppLovin reported first quarter 2026 revenue of $1.84 billion, up 59% year-over-year, and diluted EPS of $3.56. The results exceeded analyst expectations for both revenue and earnings. The company provided second quarter revenue guidance with a midpoint of $1.93 billion.

Key Highlights

• Revenue grew 59% year-over-year to $1.84 billion, demonstrating significant top-line acceleration compared to the $1.16 billion reported in the prior-year period.
• Adjusted EBITDA increased 66% year-over-year to $1.56 billion, with the Adjusted EBITDA margin expanding to 85% from 81% a year prior.
• The company generated strong free cash flow of nearly $1.3 billion during the quarter and repurchased shares for a total cost of $1.0 billion.