The earnings call reflects a positive outlook for AppLovin, driven by significant revenue and EBITDA growth, successful strategic divestitures, and promising new product launches. While there are some limitations in e-commerce onboarding, the overall trajectory is strong with future growth expected from the AXON platform and international expansion.

Company Guidance

In the earnings call for AppLovin's second quarter of fiscal year 2025, key guidance was provided regarding the company's future performance and strategic initiatives. AppLovin anticipates a continued strong growth trajectory, forecasting a revenue range of $1.320 billion to $1.340 billion and an adjusted EBITDA of $1.070 billion to $1.090 billion for Q3 2025. This guidance reflects a targeted adjusted EBITDA margin of 81%. The company is poised to sustain 20% to 30% year-over-year growth in its gaming sector and is excited about expanding beyond its core market with the AXON ads manager. This self-service portal, set for a referral-based launch on October 1, 2025, will enhance accessibility and operational efficiency for advertisers. AppLovin also reported a 77% increase in revenue to $1.260 billion and an impressive adjusted EBITDA of $1.020 billion for Q2, with a free cash flow generation of $768 million. The company's strategic focus includes global expansion and opening its platform to international markets, aiming for substantial growth in its advertising business segment.

Strong Revenue and EBITDA Growth

AppLovin reported a 77% year-over-year revenue increase to approximately $1.260 billion, with adjusted EBITDA nearly doubling to $1.020 billion, achieving an 81% adjusted EBITDA margin.

Successful Sale of Apps Business

Completed the sale of the Apps business to Tripledot Studios, contributing $425 million in net cash, and focusing on the advertising business.

Launch of AXON Ads Manager

AXON ads manager, a self-service portal, was quietly launched and is expected to significantly contribute to growth by expanding advertiser access and capabilities.

Strong Free Cash Flow Generation

Generated $768 million in free cash flow, up 72% year-over-year, with significant share repurchases reducing the weighted average diluted common shares outstanding.

Positive Financial Guidance

Guidance for Q3 2025 anticipates $1.320 billion to $1.340 billion in revenue and adjusted EBITDA between $1.070 billion and $1.090 billion.

AppLovin (APP) Earnings, Revenues Date & History

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APP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	2.37 / -	1.25	―	―	―
Aug 06, 2025	2025 (Q2)	1.96 / 2.39	0.89	168.54% (+1.50)	―
May 07, 2025	2025 (Q1)	1.44 / 1.67	0.67	149.25% (+1.00)
Feb 12, 2025	2024 (Q4)	1.25 / 1.73	0.49	253.06% (+1.24)	―
Nov 06, 2024	2024 (Q3)	0.92 / 1.25	0.3	316.67% (+0.95)	―
Aug 07, 2024	2024 (Q2)	0.74 / 0.89	0.22	304.55% (+0.67)	―
May 08, 2024	2024 (Q1)	0.57 / 0.67	-0.01	6800.00% (+0.68)	―
Feb 14, 2024	2023 (Q4)	0.35 / 0.49	-0.21	333.33% (+0.70)	―
Nov 08, 2023	2023 (Q3)	0.27 / 0.30	0.06	400.00% (+0.24)	―
Aug 09, 2023	2023 (Q2)	0.08 / 0.22	-0.06	466.67% (+0.28)	―

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
Aug 06, 2025	$390.57	$437.34	+11.97%
May 07, 2025	$303.46	$339.51	+11.88%
Feb 12, 2025	$380.32	$471.67	+24.02%
Nov 06, 2024	$168.55	$246.53	+46.27%

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.