AppLovin reports second quarter revenue below Wall Street estimates

Tech Software & Services Written by: Emily Jarvie 16:22 Wed 05 Aug 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The Canberra Times, and... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. AppLovin Corp ( NASDAQ:APP ) View Price & Profile AppLovin reports second quarter revenue below Wall Street estimates Published: 16:22 05 Aug 2026 EDT AppLovin Corp (NASDAQ:APP) shares plunged more than 24% in after-hours trading on Wednesday after the mobile advertising and marketing platform reported second quarter revenue below Wall Street expectations, despite posting strong year-over-year growth and earnings in line with estimates. AppLovin reported revenue of $1.924 billion for the quarter ended June 30, up 53% from $1.259 billion a year earlier but below the $1.94 billion consensus estimate. Diluted earnings per share came in at $3.76, matching analyst expectations. Net income rose 55% year over year to $1.267 billion, while net income from continuing operations increased 64% to $1.267 billion. Adjusted EBITDA climbed 58% to $1.614 billion, with the company reporting an adjusted EBITDA margin of 84%. AppLovin generated $869 million in net cash from operating activities during the quarter and $863.3 million in free cash flow. The company also continued its share repurchase program, buying back and withholding 1.1 million Class A shares for a total cost of $551.3 million during the quarter. AppLovin ended the period with 335 million Class A and Class B shares outstanding. For the third quarter, AppLovin guided for revenue of between $2.055 billion and $2.085 billion, implying continued year-over-year growth. The company expects adjusted EBITDA of $1.71 billion to $1.74 billion, with an adjusted EBITDA margin of 83%. Continue reading