Official AppLovin photo showing a team member wearing an AXON cap
AppLovin logoAPP / NASDAQ / AI advertising & marketing software

APPLOVIN

A powerful engine. An uneven quarter.

Strong advertising growth meets model timing, rising compute investment and the work of expanding beyond gaming.

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APPLOVIN Overview
LATEST RESULTS

THE QUARTER, IN FOCUS.

Official AppLovin photo showing a team member wearing an AXON cap
LATEST EARNINGS

THE QUARTER. AT A GLANCE.

Q2 2026 · Aug 5, 2026

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NEXT EARNINGSNov 4, 2026Estimated · Company confirmation pending

Comparison incompletevs analyst estimates
RevenueMiss
ACTUAL$1.924B
vs
ESTIMATE$1.942B
−$18.2M (-0.9%)Reported revenue
Diluted EPSUnverified
ACTUAL$3.76
vs
ESTIMATEUnavailable
Comparable estimate unavailableGAAP · Estimate basis unverified

THE BUSINESS, OVER TIME.

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Revenue · FY2025$5.48B
+70.0% vs previous year

Revenue increased across the last 3 years.

5.5B2.7B0.0B$1.84BFY2023$3.22BFY2024$5.48BFY2025
Select a period to inspectUSD · Reported · Retrieved Sep 14, 2026
LOOKING AHEAD

REVENUE EXPECTATIONS

Estimated annual revenue · FY2028$12.75B
2.3× FY2025 revenue
12.7B6.4B0.0B$5.48BFY2025$8.14BFY2026E$10.33BFY2027E$12.75BFY2028E
ReportedAnalyst estimate
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USD · Estimates are not guidance · Snapshot Sep 14, 2026

RATINGS & TARGETS

THE ANALYST VIEW

78%

21 of 27 analysts rate it BuyStrong Buy ratings included

21 Buy5 Hold1 Sell
Analyst price targets$532.25 average
$325 low$790 high$334.24 quote

Quote Sep 14, 2026 · Targets reflect analyst opinions.

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Snapshot · Sep 14, 2026

INSTITUTIONAL HOLDINGS · FORM 13F

HOW POSITIONS CHANGED.

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Opened or increased833reported positions

Reporting period
Jun 30, 2026

Reduced or closed617reported positions
New positions217
Increased616
Reduced487
Closed positions130

Changes in reported share holdings, not transaction dates or money flows.
Snapshot Sep 14, 2026 · Compared with prior reported holdings.

Insiders, Congress & institutions