AppLovin (APP) Q3 revenue $2.18 billion vs $2.10 billion est.

AppLovin reported third-quarter 2026 revenue of $2.18 billion, up 55% year-over-year and above the $2.10 billion consensus estimate, with net income rising 72% to $1.44 billion and EPS of $4.30. The company posted a 66% net income margin and 84% Adjusted EBITDA margin, generated $1.4 billion in free cash flow, and repurchased 4.1 million shares for $1.4 billion during the quarter. AppLovin's board raised its share repurchase authorization by $3.2 billion, bringing total capacity to $3.6 billion as of the end of October. For the fourth quarter, the company guided revenue to $2.365–$2.395 billion and Adjusted EBITDA to $1.995–$2.025 billion, implying an 84–85% margin. The results reinforce AppLovin's position as a high-margin advertising platform, and investors will watch whether it can sustain growth and margin levels against its raised buyback and fourth-quarter targets.