AppLovin posts record revenue of $2.2bn in Q3 – up 55%
AppLovin reported record financial performance in Q3 2026, with revenue reaching $2.2 billion, representing 55% year-on-year growth. The mobile marketing and publishing company’s profitability accelerated even faster, with net income climbing 72% to $1.4 billion and generating a 66% net income margin. Adjusted EBITDA grew 59% to $1.8 billion with an 84% margin, demonstrating strong operational leverage.
For the first three quarters of 2026, AppLovin has generated $5.95 billion in revenue (up 56% year-on-year) and $3.9 billion in net income from continuing operations (up 68%), establishing a clear trajectory of accelerating growth throughout the year. The company projects this momentum will continue, forecasting Q4 revenue between $2.37 and $2.4 billion with adjusted EBITDA of $2 to $2.03 billion.
The company has been aggressive with capital returns to shareholders, completing a $1.4 billion share buyback program that withheld 4.1 million shares during the quarter. The board of directors has authorized an additional $3.2 billion in buybacks, bringing the total repurchase authorization to $3.6 billion. CEO Adam Foroughi highlighted growth in AppLovin’s gaming business during the earnings call, signaling continued momentum in the company’s core mobile gaming distribution and marketing operations.