AppLovin's second quarter revenue surges 53% to $1.92B, beating estimates, and guides Q3 higher.

AppLovin reported second quarter 2026 revenue of $1.92 billion, an increase of 53% year-over-year, with diluted EPS of $3.76. The results significantly surpassed analyst expectations, and the company issued strong guidance for the third quarter.

Key Highlights

• Revenue grew 53% year-over-year to $1.92 billion from $1.26 billion in the prior year.
• Adjusted EBITDA increased 58% year-over-year to $1.61 billion, representing an Adjusted EBITDA margin of 84%.
• The company projects third quarter 2026 revenue to be between $2.055 billion and $2.085 billion.
• AppLovin generated $863.3 million in Free Cash Flow during the second quarter.