AppLovin Corporation (APP) Earnings Call Transcripts

AppLovin Corporation's Latest Earnings Call - Q2 FY2026

In Q2 2026, AppLovin Corporation reported revenue of $1.92 billion, growing 53% year-over-year but slightly below the midpoint of guidance. Adjusted EBITDA reached $1.61 billion, up 58% year-over-year, also falling short of expectations. Management indicated that while the quarter did not meet their high standards, they expect a strong recovery in Q3, with guidance for revenue between $2.055 billion and $2.085 billion, reflecting a growth rate of 46% to 48% year-over-year.

Reported metrics

Guidance from management

For Q3 2026, AppLovin expects revenue between $2.055 billion and $2.085 billion and adjusted EBITDA between $1.71 billion and $1.74 billion, reflecting strong recovery and model improvements already in place.

What management said

Yes. Thanks, Jason. We have done a couple of deals so far with third-party companies, one of the larger analytics companies in the market in e-commerce. And we found that if we go to the source that works with these companies on the other side, the advertisers that we want, it's a more targeted way to get the right kinds of advertisers onto our platform. So rather than just start by buying ads and bringing in long ta...

Yes. I mean new advertisers are beneficial, but the base of the business is already pretty good. And so new customers aren't going to go live and really drive impact to that growth rate. So when we say double -- I think I said 26% growth in the talk track over Q4, that's a substantial uptick in this category. Usually, e-commerce, Q1 dips a lot from Q4, Q2 then has to trail back up and then Q3 and Q4 really build on t...

What analysts pressed on

Analysts expressed concerns regarding the lack of expected model improvements in Q2, which impacted growth. There were also questions about how AppLovin plans to enhance its brand awareness among potential advertisers, particularly in the consumer space.

Main topics on the call

• Revenue Performance — AppLovin generated $1.92 billion in revenue, a 53% increase year-over-year, but just below guidance. CEO Adam Foroughi stated, "this quarter came down to timing" regarding model improvements, indicating a recovery is exp...
• Adjusted EBITDA Growth — Adjusted EBITDA grew to over $1.6 billion, up more than 50% year-over-year. CFO Matt Stumpf noted that this result was just below guidance, but emphasized that investments in technology were necessary for future growth.
• Consumer Business Expansion — The consumer segment saw advertiser spend grow 28% above Q4 2025 levels, indicating strong momentum. Foroughi remarked, "growing well past peak season levels in a seasonally slow quarter tells you how steep this curve is...
• Model Improvement Challenges — Management acknowledged that the expected model uplift did not occur in Q2, which impacted results. Foroughi explained, "the pace of meaningful model improvement was lighter than normal during the quarter," but improveme...

Read the full AppLovin Corporation transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 31 AppLovin Corporation earnings call transcripts on record, spanning May 12, 2021 to August 5, 2026. Based on this history, AppLovin Corporation reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

APP

Exchange

NasdaqGS

Country

US

Sector

Communication Services

Industry

Media

Calls on record

31

First call

May 12, 2021

Most recent

August 5, 2026

Reporting cadence

quarterly