AppLovin reported Q1 2026 revenue of $1.84 billion, a 59% year-over-year increase, with net income surging 109% to $1.21 billion.
Adjusted EBITDA reached $1.56 billion for the quarter, representing a robust 84.5% margin.
The company divested its Apps business to Tripledot for $715.6 million, resulting in a $106.2 million pre-tax gain, though a $188.9 million goodwill impairment was also recorded.
Cash balances rose to $2.76 billion by March 31, 2026, even after significant share-repurchase activity.
Long-term debt remains stable at $3.51 billion, supported by a $1.0 billion credit facility, though debt covenants could trigger acceleration if cash flow declines.
Future growth strategy focuses on AI-powered advertising platform adoption and expansion into e-commerce and connected TV markets.
Primary operational risks include potential data-access restrictions from Apple and Google, evolving global privacy and AI regulations, and intense competition from major tech players.
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