AppLovin's fourth quarter revenue jumped 66% to $1.66 billion with significant margin expansion.

AppLovin reported fourth quarter 2025 revenue of $1.66 billion, up 66% year-over-year, with a diluted EPS of $3.24. For the full year 2025, revenue grew 70% to $5.48 billion.

Key Highlights

• Adjusted EBITDA for the quarter surged 82% year-over-year to $1.40 billion.
• Adjusted EBITDA margin expanded to 84% in the fourth quarter, up from 77% in the prior-year period.
• The company guided first quarter 2026 revenue to a range of $1.75 billion to $1.78 billion, with an expected Adjusted EBITDA margin of 84%.