AppLovin: 2Q 26 Financial Update

AppLovin’s second-quarter 2026 financial update demonstrates significant year-over-year growth across all primary performance metrics, reflecting strong operational momentum. The company reported quarterly revenue of $1.92 billion, representing a 53% increase compared to the same period in the previous year. This growth is supported by robust profitability, with net income from continuing operations reaching $1.27 billion, a 64% increase year-over-year, and a net margin of 66%.

Operational efficiency remains a core focus, as evidenced by the company’s Adjusted EBITDA of $1.61 billion for the quarter, marking a 58% increase from the prior year and achieving an 84% margin. These non-GAAP measures are utilized by management to assess core performance, facilitate internal planning, and provide comparability with industry peers. The company maintains a strong liquidity position, ending the quarter with $3.05 billion in cash and cash equivalents, while continuing to execute on capital allocation strategies, including significant share repurchases totaling $1.53 billion during the first half of 2026.

The financial results highlight a consistent upward trajectory in both revenue and margins over the preceding eight quarters. The company’s methodology relies on standard GAAP accounting for its consolidated statements, supplemented by non-GAAP adjustments that exclude items such as stock-based compensation, amortization, and restructuring costs to better reflect core operating performance. These results underscore a period of sustained scaling and financial discipline within the company’s business model.