AppLovin stock: Company reports record Q3 growth, expands buyback

AppLovin reported record third-quarter results on November 4 for the period ended September 30, with revenue and profit growth accelerating year over year. The company's investor relations release said revenue rose 55 percent to 2.185 billion US dollars, while net income increased 72 percent to 1.439 billion US dollars.

Growth raises the execution bar

Adjusted EBITDA reached 1.842 billion US dollars, up 59 percent, with an 84 percent margin. AppLovin said improvements to its advertising models supported the core mobile gaming business, while the consumer advertising vertical continued to scale.

For the fourth quarter, management guided to revenue of 2.365 billion to 2.395 billion US dollars and adjusted EBITDA of 1.995 billion to 2.025 billion US dollars. The adjusted EBITDA margin is expected to range from 84 percent to 85 percent. The outlook includes further model improvements, additional consumer expansion and continued investment in training compute.

Buyback adds capital flexibility

Free cash flow reached 1.418 billion US dollars in the third quarter. AppLovin repurchased or withheld 4.1 million Class A shares for 1.4 billion US dollars during the quarter, and the board increased the current share repurchase authorization by 3.2 billion US dollars to 3.6 billion US dollars at the end of October.

AppLovin stock traded at 369.30 euros on Lang & Schwarz at 16:12 CET on Friday, November 13, 2026. That was 15.82 percent above the 318.85 euro Lang & Schwarz quote in our report of November 6, a separate move from the company's operating performance. For investors, the next focus is whether model improvements and customer expansion can support the fourth-quarter targets.

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