AppLovin's first-quarter revenue rises 59% to $1.84 billion as net income reaches $1.21 billion

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

AppLovin reported revenue of $1.84 billion for the quarter from Jan 1 to Mar 31, 2026, up 59% from $1.16 billion in the same quarter a year earlier. Operating income was $1.44 billion, up 71.4% from $840 million. Net income was $1.21 billion, or $3.56 per diluted share, against $576 million, or $1.67 a share, a year earlier. The year-earlier net income included a $147 million loss from discontinued operations; net income from continuing operations was $724 million then, against $1.21 billion in the quarter. The company filed the figures on May 6, 2026 in its quarterly report on Form 10-Q, the report a US public company files with the Securities and Exchange Commission.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12^,13

The report said revenue did not include the results of the former Apps business, which was classified as discontinued operations. AppLovin attributed the revenue increase mainly to improvements in Axon Ads Manager, the tool its clients use to automate, optimize and manage customer acquisition, where it said net revenue per installation rose 93% while the volume of installations fell 18%. The company said Axon Ads Manager made up the vast majority of revenue, and that its advertising clients ranged from indie developer studios to large global internet platforms such as Meta and Google. It said its investments would let it continue to enter and expand into new verticals outside of gaming, such as e-commerce and connected TV. The report named third-party platforms such as the Apple App Store and Google Play Store, and said changes to their policies could drive rapid change across the mobile app and advertising ecosystems.14^,15^,16^,17^,18^,19^,20^,21

AppLovin's own non-GAAP measure, Adjusted EBITDA, was $1.557 billion, against $938 million a year earlier; the company defined it as net income adjusted for discontinued operations, interest, taxes, amortization and depreciation, stock-based compensation and other items. It repurchased and retired 2.2 million shares of Class A common stock for $1.0 billion in the quarter, and $2.3 billion remained available under its repurchase program on Mar 31, 2026. In its earnings release of May 6, 2026, the company guided second-quarter 2026 revenue to a range of $1.915 billion to $1.945 billion.22^,23^,24^,25^,26

Our records hold the text of the report's management discussion but not the notes to its financial statements or its other exhibits.27