AppLovin Corp

Latest Results (15.12.2025):

AppLovin Corp (AppLovin Corporation) reported results for the third quarter of 2025: strong top-line and profitability growth with revenue of $1,405 million (up 68% year‑over‑year), net income of $836 million (up 92% YoY), and Adjusted EBITDA of $1,158 million (up 79% YoY) with an 82% Adjusted EBITDA margin; the quarter also produced roughly $1.05 billion of operating cash flow and free cash flow, and management increased its share‑repurchase authorization.

Revenue & growth

Q3 2025 revenue was $1,405.0M, a 68% increase versus Q3 2024 ($835.2M); nine‑month revenue was $3,822.8M, up 72% year‑over‑year.

Profitability & margins

Net income for Q3 2025 was $835.5M (reported as $836M), up 92% YoY; Net income from continuing operations was $835.5M (up 93%). Adjusted EBITDA was $1,157.7M (up 79%) with an Adjusted EBITDA margin of 82% (vs. 77% in Q3 2024).

Cash flow & liquidity

Net cash provided by operating activities for Q3 was $1.053B and Free Cash Flow was $1.049B. Cash & cash equivalents at quarter end were $1,666.9M, up from $697.0M at year‑end 2024.

Share repurchases & capital allocation

During Q3 2025 the company repurchased and withheld 1.3M shares for $571M. Year‑to‑date repurchases totaled $1.774B. The board increased the repurchase authorization by $3.2B, leaving $3.3B of remaining authorization as of the end of October.

Q4 2025 guidance

Management guided Q4 2025 revenue of $1,570–$1,600M and Adjusted EBITDA of $1,290–$1,320M (Adjusted EBITDA margin 82–83%). The company did not provide GAAP equivalents for the forward‑looking non‑GAAP metrics due to variability in reconciling items.

Balance sheet & debt

Total assets were $6.343B and total liabilities $4.869B as of Sept 30, 2025; cash was $1.667B and long‑term debt was $3.512B.

Per‑share results

Diluted net income per share from continuing operations for Q3 2025 was $2.45 (basic $2.47); diluted net income per share for the quarter was $2.45 versus $1.25 a year earlier (diluted).