Key insights
- AppLovin reported record third quarter earnings with net income up 72% year-over-year to $1.44 billion on revenue of $2.18 billion, up 55%. The company also highlighted strong cash flow and an increased share repurchase authorization of $3.6 billion. The stock rose 20% in after-hours trading following the announcement.
AppLovin posted record third quarter earnings: net income grew 72% year-over-year to $1.44 billion on record revenue of $2.18 billion, up 55% year-over-year, with industry-leading 66% net income margin and 84% Adjusted EBITDA margin. Additional Financial Highlights: * Net cash from operating activities and Free Cash Flow were $1.4 billion for the third quarter 2026. * Basic and Diluted earnings per share ("EPS") were $4.31 and $4.30, respectively, for the third quarter 2026. * During the third quarter 2026, we repurchased and withheld 4.1 million shares of our Class A common stock, for a total cost of $1.4 billion ^(1). At the end of 3Q 2026, we had 331 million shares of our Class A and Class B common stock outstanding. * Given continued confidence in the Company's future, our board of directors approved an increase to our share repurchase authorization of $3.2 billion, bringing our total current share repurchase authorization to $3.6 billion as of the end of October. https://investors.applovin.com/news/news-details/2026/AppLovin-Announces-Third-Quarter-2026-Financial-Results/default.aspx