APPQ2 20261/5Estimate vs Actual
Earnings per Share
$3.76
+ 0.3% vs Estimate
Surprise as recorded in the analysis; the estimate itself is not on the calendar.
AppLovin Q2 2026 · Story
Read the quarter card by card, ready to share.
APPQ2 20261/5APPQ2 20262/5Guidance
Revenue
- Company Guidance
- 2.055 – 2.085 billion
- Market Estimate
- 2.08 billion
Midpoint 0.5% Below Estimate ▼
Adjusted EBITDA
- Company Guidance
- 1.71 – 1.74 billion
- Market Estimate
- 1.75 billion
Midpoint 1.4% Below Estimate ▼
Adjusted EBITDA Margin
- Company Guidance
- 83%
First Guide Lower ▼
APPQ2 20263/5Price Reaction
First Full Session
− 19.7%
From the report-day close to the next session's close.
APPQ2 20264/5In 30 Seconds
AppLovin's revenue rose 53% year over year to $1.92 billion, with adjusted EBITDA of $1.61 billion at an 84% margin.
- Third-quarter revenue guidance is $2.06–2.09 billion, and the company is guiding its EBITDA margin down from 84% to 83% for the first time.
- Shares fell 19.7% in a single session after revenue and EBITDA landed below the guidance midpoint for the first time since the IPO.
First point of the analysis's “In 30 Seconds”.
Full AnalysisAPPQ2 20265/5Score
58/ 100
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Not Investment Advice