# AppLovin Q3 revenue rises 55% to $2.19 billion, net income up 72% AppLovin guided Q4 revenue to $2.365-2.395 billion and raised its buyback authorization by $3.2 billion to $3.6 billion in its Nov. 4 report. By The Signal Edition Newsroom | Marketing and media business / Advertising Published: 2026-11-05T14:20:00Z Updated: 2026-11-05T14:20:00Z Canonical: https://thesignaledition.com/article/applovin-q3-2026-revenue-2-18-billion-net-income-1-44-billion-app4q6 Image: https://thesignaledition.com/media/00e49ecf0785ff3eae7a911faa8ffc95.png (AppLovin company logo; credit: AppLovin / Wikimedia Commons (public domain)) ## Key points - AppLovin reported Q3 2026 revenue of $2.185 billion, up 55% from $1.405 billion a year earlier, and net income of $1.439 billion, up 72%. - Adjusted EBITDA was $1.842 billion, an 84% margin, and free cash flow was $1.4 billion. - Fourth-quarter revenue guidance is $2.365 billion to $2.395 billion, which implies 8.2% to 9.6% growth over the third quarter. - The board raised the share repurchase authorization by $3.2 billion to $3.6 billion; the company bought back $1.4 billion of stock in the quarter. ## What AppLovin reported for the third quarter AppLovin Corporation (Nasdaq: APP) reported third-quarter 2026 revenue of $2.185 billion, up 55% from $1.405 billion a year earlier, and net income of $1.439 billion, up 72% from $836 million, according to its Nov. 4, 2026 filing with the U.S. Securities and Exchange Commission. Diluted earnings per share were $4.30. [1](https://www.sec.gov/Archives/edgar/data/1751008/000175100826000068/exhibit991-3q26earningspre.htm) Adjusted EBITDA, a non-GAAP measure, rose 59% to $1.842 billion. By the filing's figures, net income was 65.9% of revenue and adjusted EBITDA was 84.3% of revenue, which the company rounded to 66% and 84%. Net cash from operating activities and free cash flow were both $1.4 billion for the quarter. [1](https://www.sec.gov/Archives/edgar/data/1751008/000175100826000068/exhibit991-3q26earningspre.htm) For the first nine months of 2026, revenue was $5.951 billion, up 56% from $3.823 billion, and net income was $3.911 billion, up 75%. [1](https://www.sec.gov/Archives/edgar/data/1751008/000175100826000068/exhibit991-3q26earningspre.htm) Investing.com reported that analysts had expected revenue of $2.08 billion and earnings per share of $4.04; the article does not name the data provider. Against that revenue estimate, the reported figure was about $105 million, or 5%, higher. [2](https://finance.yahoo.com/markets/stocks/articles/applovin-shares-surge-strong-q3-214950722.html) ## Fourth-quarter guidance and share repurchases AppLovin guided fourth-quarter 2026 revenue to a range of $2.365 billion to $2.395 billion and adjusted EBITDA to $1.995 billion to $2.025 billion, a margin of 84% to 85%. Measured against third-quarter revenue of $2.185 billion, the revenue range implies sequential growth of 8.2% to 9.6%. Investing.com said the range was above a consensus estimate of $2.25 billion. [1](https://www.sec.gov/Archives/edgar/data/1751008/000175100826000068/exhibit991-3q26earningspre.htm) [2](https://finance.yahoo.com/markets/stocks/articles/applovin-shares-surge-strong-q3-214950722.html) The company repurchased and withheld 4.1 million Class A shares in the quarter at a total cost of $1.4 billion. That works out to about $341 per share on average, a figure that includes cash paid for tax withholding on vested equity awards. It had 331 million Class A and Class B shares outstanding at the end of September. The board raised the repurchase authorization by $3.2 billion, to $3.6 billion as of the end of October. [1](https://www.sec.gov/Archives/edgar/data/1751008/000175100826000068/exhibit991-3q26earningspre.htm) Investing.com reported that the shares rose more than 16% in after-hours trading on Nov. 4. The article gives no closing price, and other pages show different moves, so the size of the reaction should be read as preliminary. [2](https://finance.yahoo.com/markets/stocks/articles/applovin-shares-surge-strong-q3-214950722.html) ## What management said about growth MarketBeat, in an automated summary of the Nov. 4 earnings call, attributed the following to management. CEO Adam Foroughi said the company partially rolled out a new generation of advertising models during the quarter, and that the models perform better where data is sparse, including for newer and smaller advertisers. CFO Matt Stumpf said consumer advertiser spending rose by double digits from the prior quarter and by triple digits from a year earlier. [3](https://www.marketbeat.com/instant-alerts/transcript-what-applovin-app-said-on-its-q3-earnings-call-2026-11-04/) MarketBeat also summarized Foroughi as saying e-commerce advertisers spend heavily in the fourth quarter and less in the first, so the company expects larger fourth quarters followed by softer first quarters as that business grows. The summary does not include verbatim quotations, so these points are paraphrases and the full call recording is the authoritative record. [3](https://www.marketbeat.com/instant-alerts/transcript-what-applovin-app-said-on-its-q3-earnings-call-2026-11-04/) ## What happens next AppLovin said additional information will appear in its quarterly report on Form 10-Q for the period ended Sept. 30, 2026. The fourth-quarter guidance of $2.365 billion to $2.395 billion in revenue is the figure to compare against when the company next reports results. [1](https://www.sec.gov/Archives/edgar/data/1751008/000175100826000068/exhibit991-3q26earningspre.htm) ## Sources 1. [AppLovin Corporation (SEC Form 8-K, Exhibit 99.1): AppLovin Announces Third Quarter 2026 Financial Results](https://www.sec.gov/Archives/edgar/data/1751008/000175100826000068/exhibit991-3q26earningspre.htm) (2026-11-04T00:00:00Z) 2. [Investing.com via Yahoo Finance: Applovin shares surge on strong Q3 results and guidance](https://finance.yahoo.com/markets/stocks/articles/applovin-shares-surge-strong-q3-214950722.html) (2026-11-04T21:49:00Z) 3. [MarketBeat: What AppLovin (APP) Said on Its Q3 Earnings Call](https://www.marketbeat.com/instant-alerts/transcript-what-applovin-app-said-on-its-q3-earnings-call-2026-11-04/) (2026-11-04T00:00:00Z)