AppLovin Beats Third Quarter Estimates, Raises Buyback as Revenue Jumps 55 Percent

AppLovin reported third quarter 2026 results on Wednesday, November 4, 2026, that beat analyst estimates on revenue and earnings. Revenue reached $2.18 billion, up 55 percent from a year earlier, and the company issued fourth quarter guidance above expectations.

Results ahead of estimates

AppLovin earned $4.30 a share in the third quarter, Barron's reported. Analysts had expected earnings of $4.03 a share and revenue of $2.1 billion, so the company cleared both marks. Seeking Alpha reported that revenue of $2.18 billion topped Bloomberg consensus estimates.

Net income was about $1.44 billion, up 72 percent from $836 million a year earlier, The Motley Fool reported.

Shares moved sharply after the report. Seeking Alpha put the after hours gain at around 18 percent on Wednesday, November 4, 2026. Barron's reported a jump of 24 percent in after hours trading, after the stock ended the regular session up more than 10 percent. The two reports give different after hours figures, and both are reported here as their outlets stated them. Barron's also noted that the shares are still down 60 percent for the year.

The numbers in context

The beat on the top line was clear in the reported figures. Revenue of $2.18 billion came in above the $2.1 billion analysts expected, according to Barron's, and earnings of $4.30 a share came in above the expected $4.03 a share. Growth was also clear in the year on year comparisons the reports carried: revenue up 55 percent from a year earlier, net income up 72 percent from $836 million a year earlier to about $1.44 billion, and free cash flow up 35 percent from $1.05 billion to about $1.42 billion on The Motley Fool's figures.

The share price reaction sits against a weak year. Barron's reported that the stock ended the regular session up more than 10 percent and then rose further after hours, and the same report noted that the shares are still down 60 percent for the year. The third quarter figures and the fourth quarter guidance are the company's own reported numbers and outlook; the market moves are the figures the two outlets published on Wednesday.

Cash flow and a larger buyback

Free cash flow reached about $1.4 billion in the quarter, up from $863 million in the second quarter, Barron's reported. The Motley Fool put free cash flow at about $1.42 billion, up 35 percent from $1.05 billion.

AppLovin also raised its share repurchase authorization by $3.2 billion, to a total of $3.6 billion, Barron's reported.

Guidance for the fourth quarter

For the fourth quarter, AppLovin expects revenue in a range of $2.365 billion to $2.395 billion, Barron's reported. The Motley Fool put the fourth quarter revenue guidance at $2.37 billion to $2.4 billion.

AppLovin is a mobile advertising technology platform that connects advertisers with publishers, Barron's reported. Its third quarter report lands as investors weigh how fast advertising spending through its platform is growing, and the numbers in this report show revenue, profit and cash flow all rising from a year earlier.