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AppLovin (APP)
NASDAQ:APP
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
3.38Last Year’s EPS
1.67Same Quarter Last Year
Strong Buy
Based on 20 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasizes exceptional operating and financial performance (very strong YoY revenue, adjusted EBITDA growth, margins, and free cash flow), successful capital returns, and a confident outlook driven by internal AI and product execution. Key growth initiatives (e-commerce/self-serve, generative-AI creative tools, AXON marketing) show promising early traction and attractive unit economics in pilots, but remain early and constrained by data penetration, creative supply, and conversion funnel breakage. Management acknowledges market skepticism and competition risks but argues the company’s model and network effects create a durable moat. Overall, positive operational and financial momentum is balanced against execution and market-adoption risks for newer initiatives.Company Guidance
Record Quarterly and Annual Revenue Growth
Q4 revenue of $1.66B, up 66% year-over-year; full-year revenue $5.48B, up 70% year-over-year.
Exceptional Profitability and Margin Expansion
Q4 adjusted EBITDA of $1.4B, up 82% YoY, representing an 84% adjusted EBITDA margin; full-year adjusted EBITDA $4.51B, up 87% YoY with an 82% margin. Margins expanded over ~700 basis points YoY.
Strong Free Cash Flow and Balance Sheet
Q4 free cash flow $1.31B (up 88% YoY); full-year free cash flow $3.95B (up 91% YoY). Cash balance grew to ~$2.5B at year-end.
Robust Capital Returns via Share Repurchases
Repurchased/withheld ~800k shares for $482M in the quarter; full-year repurchases/withholdings ~6.4M shares for $2.58B, funded by free cash flow; remaining repurchase authorization ≈ $3.28B. Weighted average diluted shares declined from 346M to ~340M over the last four quarters.
Very Strong Rule of 40 and Conversion Efficiency
Rule of 40 score presented as 150 (66% revenue growth + 84% adjusted EBITDA margin), highlighting rare combination of hyper-growth and high profitability; quarter-over-quarter flow-through to adjusted EBITDA ~95%.
Positive Q1 2026 Guidance
Q1 2026 revenue guidance $1.745B–$1.775B, implying 5%–7% sequential growth; adjusted EBITDA guidance $1.465B–$1.495B and expected adjusted EBITDA margin ≈84% (reflecting continued high profitability despite seasonal headwinds).
Product and AI-Led Operational Strength (AXON / Internal AI)
Management attributes strongest operating performance to internal AI (AXON 2) and continuous model improvements; claims AXON 2 materially improved gaming performance and competitive position in MAX auction.
E-commerce / Web Advertising Early Traction
E-commerce (self-serve, referral-only to date) showing encouraging trends: pilots with generative-AI creative tools (interactive pages live for >100 customers), recent model uplifts produced material advertiser ROAS improvements; cited example customer scaled from $4M → $16M revenue and projecting ~$80M next year.
Marketing Unit Economics in Early Tests
Early advertising tests for the self-serve platform showing roughly ~30-day LTV-to-CAC breakeven in light-volume tests, indicating strong early unit economics if sustained at scale.
High Bid Density and Mediation Moat
MAX auction described as foundational with high bid density and network effects where increased competition expands the pie; management argues increased bidders often take impressions the company values less while improving overall publisher economics.
APP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
APP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $456.81 | $366.91 | -19.68% |
Nov 05, 2025 | $617.05 | $621.36 | +0.70% |
Aug 06, 2025 | $390.57 | $437.34 | +11.97% |
May 07, 2025 | $303.46 | $339.51 | +11.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does AppLovin (APP) report earnings?
AppLovin (APP) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is AppLovin (APP) earnings time?
AppLovin (APP) earnings time is at May 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is APP EPS forecast?
APP EPS forecast for the fiscal quarter 2026 (Q1) is 3.38.
