AppLovin reported third-quarter 2026 revenue of $2.19 billion on November 4, up 55% from a year earlier. Net income rose 72% to $1.44 billion, and diluted EPS of $4.30 came in above the $4.03 analyst AppLovin reported third-quarter 2026 revenue of $2.19 billion on November 4, up 55% from a year earlier. Net income rose 72% to $1.44 billion, and diluted EPS of $4.30 came in above the $4.03 analyst

AppLovin (APP) Q3 2026 Earnings: Revenue Up 55%, Net Income Up 72%

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Author: MEXC Editorial Team

2026/11/05 13:17

AppLovin reported third-quarter 2026 revenue of $2.19 billion on November 4, up 55% from a year earlier. Net income rose 72% to $1.44 billion, and diluted EPS of $4.30 came in above the $4.03 analyst estimate. AppLovin guided fourth-quarter revenue to $2.365 billion–$2.395 billion.

APP closed the regular session at $271.75, up 10.7% on the day, and ended the extended session at $333.80 (+22.8%). The APPSTOCK_USDT futures on MEXC kept trading after 8:00 p.m. ET and were at 325.34 USDT at 11:00 p.m. ET, up 19.7% from their 4:00 p.m. price.

AppLovin Q3 2026 Results vs Estimates

Revenue: $2.185 billion, up 55% from $1.405 billion, per AppLovin's Q3 2026 earnings release; the revenue estimate was about $2.07 billion, per Seeking Alpha
Diluted EPS: $4.30 vs $4.03 (beat), up from $2.45
Net income: $1.439 billion, up 72% from $836 million
Adjusted EBITDA: $1.842 billion, up 59% from $1.158 billion
Q4 revenue guidance: $2.365 billion–$2.395 billion

The EPS estimate is the consensus shown on CNBC's APP quote page. AppLovin reports diluted EPS on a GAAP basis.

Key Takeaways

Net income grew faster than revenue: 72% vs 55%.
Net margin was 66%, up from 59.5% a year earlier.
Adjusted EBITDA margin was 84%, a separate measure that excludes items such as stock-based compensation, depreciation and taxes.
The Q4 revenue guidance midpoint of $2.38 billion is about 9% above Q3 revenue.
APP's next-day moves after the last eight reports ranged from -19.7% to +46.3%.
APPSTOCK_USDT turnover in the release hour was 58 times its average hourly turnover over the prior 24 hours.

What Stood Out in AppLovin's Q3 2026 Report?

The main point was profitability. Revenue grew 55%, while net income grew 72% and diluted EPS rose about 76%.

Net margin reached 66% of revenue. Adjusted EBITDA margin was 84%. The two figures measure different things: net margin is after all costs and taxes, while adjusted EBITDA is a company-defined measure that adds back several expenses.

The outlook pointed to further growth. Q4 revenue guidance of $2.365 billion–$2.395 billion is above Q3's $2.185 billion, and adjusted EBITDA guidance implies a margin of 84%–85%.

The stock had already risen 10.7% in the regular session before the release.

AppLovin Q3 2026 Results in Detail

Revenue: $2.185 billion vs $1.405 billion (+55%)
Net income: $1.439 billion vs $836 million (+72%)
Net margin: 66%, up from 59.5%
Adjusted EBITDA: $1.842 billion vs $1.158 billion (+59%)
Adjusted EBITDA margin: 84%, up from 82.4%
Diluted EPS: $4.30 vs $2.45

What Is AppLovin's Guidance for Q4 2026?

Revenue of $2.365 billion–$2.395 billion
Adjusted EBITDA of $1.995 billion–$2.025 billion
Implied adjusted EBITDA margin of 84%–85%

An analyst consensus for Q4 revenue was not available at publication.

APP Stock After Hours: How Shares Reacted on November 4

APP closed the regular session at $271.75. Extended-hours prices below are based on one-minute data from Yahoo Finance:

4:04 p.m. ET, before the release: $261.00 (-4.0%), the session low
4:15 p.m.: $315.75 (+16.2%)
4:34 p.m.: $344.24 (+26.7%), the session high
6:00 p.m.: $337.00 (+24.0%)
7:59 p.m.: $333.80 (+22.8%), the last trade

After-hours volume is thin, and these prices can differ from the next regular-session open.

How Has APP Stock Reacted to Past Earnings?

Next-day closing moves after the last four reports, based on Nasdaq price history:

August 2026: -19.7%
May 2026: +6.4%, after opening 3.0% lower
February 2026: -19.7%
November 2025: +0.7%, after opening 5.6% higher

Across the last eight reports, the stock rose the next day six times and fell twice. The average next-day move was 17.6% in either direction, by our calculation.

Both declines were close to 20%, and they came in the last three reports.

How APP Futures Reacted on MEXC

The APPSTOCK_USDT perpetual futures on MEXC kept trading after the U.S. extended session closed. Figures below come from MEXC's public futures API (hourly candles).

Price: APP futures closed the 3:00–4:00 p.m. ET hour at 271.84 USDT. In the release hour they ranged from 262.00 (-3.6%) to 344.05 (+26.6%) and closed at 322.89 (+18.8%). They were at 329.88 (+21.4%) at 8:00 p.m. and 325.34 (+19.7%) at 11:00 p.m. ET.
Turnover: about 479,000 USDT in the release hour and 330,000 USDT in the following hour, 58 and 40 times the average hourly turnover of the prior 24 hours. Turnover from 4:00 to 11:00 p.m. ET totaled about 1.18 million USDT.
Premium to index: hourly closes traded up to about 109 basis points below the index price, at 8:00 p.m. ET. By 11:00 p.m., the gap had narrowed to about 17 basis points.
Funding: funding settles every 8 hours. The rate was 0.0332% at 16:00 UTC on November 4 and -0.3367% at the first settlement after the release, at 00:00 UTC on November 5. A negative rate means short positions pay long positions.

The futures' release-hour high of 344.05 was close to the stock's after-hours high of $344.24.

MEXC APPSTOCK_USDT hourly closes and turnover from 8:00 a.m. to 11:00 p.m. ET on November 4, 2026. Source: MEXC public futures API.

Following APP Through MEXC

The APPSTOCK_USDT perpetual futures offer a market to follow AppLovin around earnings and outside Nasdaq hours. Settled in USDT, they can be traded long or short; see how to trade stock futures on MEXC.

Eligible users can buy U.S.-listed shares through MEXC RealStocks, which works with licensed broker partners.

Perpetual futures do not give shareholder rights, and they carry funding, leverage and liquidation risk.

FAQ

Did AppLovin beat earnings expectations in Q3 2026?

Yes. Diluted EPS of $4.30 beat the $4.03 estimate, and revenue of $2.185 billion was above the roughly $2.07 billion estimate.

What is AppLovin's net margin?

Net margin was 66% in Q3 2026. That is different from adjusted EBITDA margin, which was 84%.

What is AppLovin's Q4 2026 guidance?

Revenue of $2.365 billion–$2.395 billion and adjusted EBITDA of $1.995 billion–$2.025 billion.

How does APP stock usually react to earnings?

After the last eight reports, APP rose the next day six times and fell twice, with an average move of 17.6% either way.

How did APP futures react on MEXC?

APPSTOCK_USDT rose as much as 26.6% in the release hour and was up 19.7% from its 4:00 p.m. price at 11:00 p.m. ET.

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