AppLovin CorpAPPEarnings & Financial Report
AppLovin Corporation is an American mobile technology company headquartered in Palo Alto, California. Founded in 2012, the company helps developers market, monetize, analyze and publish their apps through its mobile advertising, marketing, and analytics platforms, SSP MAX; DSP AppDiscovery; and SparkLabs creative studio. The company also invests in various mobile game publishers.
Revenue
$1.2B
Gross Profit
$928.6M
Operating Profit
$534.9M
Net Profit
$434.4M
Gross Margin
77.5%
Operating Margin
44.6%
Net Margin
36.3%
YoY Growth
38.6%
EPS
$1.25
AppLovin Corp Q3 FY2024 Financial Summary
AppLovin Corp reported revenue of $1.2B (up 38.6% YoY) for Q3 FY2024, with a net profit of $434.4M (up 299.9% YoY) (36.3% margin). Cost of goods sold was $269.7M, operating expenses totaled $393.6M.
Key Financial Metrics
| Total Revenue | $1.2B |
|---|---|
| Net Profit | $434.4M |
| Gross Margin | 77.5% |
| Operating Margin | 44.6% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
AppLovin Corp Q3 FY2024 revenue of $1.2B breaks down across 3 segments, led by Software Platform at $835.2M (69.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Software Platform | $835.2M | 69.7% |
| Apps Revenue In App Purchases Revenue | $246.3M | 20.6% |
| Apps Revenue In App Advertising Revenue | $116.7M | 9.7% |
AppLovin Corp Annual Revenue by Year
AppLovin Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $5.5B).
| Year | Annual Revenue |
|---|---|
| 2025 | $5.5B |
| 2024 | $4.7B |
| 2023 | $1.8B |
| 2022 | $2.8B |
AppLovin Corp Quarterly Revenue & Net Profit History
AppLovin Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $1.8B | +59.0% | $1.2B | 65.5% |
| Q4 FY2025 | $1.3B | -2.9% | $1.1B | 82.7% |
| Q3 FY2025 | $1.4B | +17.3% | $835.5M | 59.5% |
| Q2 FY2025 | $1.3B | +16.5% | $819.5M | 65.1% |
| Q1 FY2025 | $1.5B | +40.3% | $576.4M | 38.8% |
| Q4 FY2024 | $1.4B | +44.0% | $599.2M | 43.6% |
| Q3 FY2024 | $1.2B | +38.6% | $434.4M | 36.3% |
| Q2 FY2024 | $1.1B | +44.0% | $310.0M | 28.7% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.08B | $1.20B | $1.37B | $1.48B | $1.26B | $1.41B | $1.33B | $1.84B |
| YoY Growth | 44.0% | 38.6% | 44.0% | 40.3% | 16.5% | 17.3% | -2.9% | 59.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $5.27B | $5.44B | $5.87B | $5.71B | $5.96B | $6.34B | $7.26B | $7.71B |
| Liabilities | $4.45B | $4.50B | $4.78B | $5.13B | $4.79B | $4.87B | $5.12B | $5.34B |
| Equity | $814.8M | $938.2M | $1.09B | $575.4M | $1.17B | $1.47B | $2.13B | $2.36B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $454.5M | $550.7M | $701.0M | $831.7M | $772.2M | $1.05B | $1.31B | $1.29B |