AppLovin Q2 revenue rises 53% but misses estimates

AppLovin

05/08/2026 21:14

Overview
US marketing platform's Q2 revenue rose 53% yr/yr but missed analyst expectations
Q2 adjusted EBITDA missed analyst expectations; net income slightly beat estimates
Company repurchased and withheld 1.1 mln shares for $551.3 mln in Q2

Outlook
AppLovin sees 3Q26 revenue between $2.055 bln and $2.085 bln
Company expects 3Q26 adjusted EBITDA of $1.71 bln to $1.74 bln
AppLovin projects 3Q26 adjusted EBITDA margin of 83%

Result Drivers
SHARE REPURCHASES - Co repurchased and withheld 1.1 mln shares for $551.3 mln in Q2

Company press release: ID:nBw2FRPrva

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$1.92 bln
$1.94 bln (21 Analysts)
Q2 Net Income
Slight Beat*
$1.27 bln
$1.26 bln (15 Analysts)
Q2 Adjusted EBITDA
Miss
$1.61 bln
$1.63 bln (22 Analysts)
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 29 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for AppLovin Corporation is $660.00, about 57.3% above its August 4 closing price of $419.70
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 26 three months ago

Reuters Recommended Reads
Aug 5 - Digital ad firm Taboola's Q2 revenue rises, but misses estimates
Aug 4 - Zeta Global beats Q2 revenue estimates on AI infrastructure demand; hikes forecast
Aug 4 - Digital Turbine Q1 revenue beats estimates on app growth platform 

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)