AppLovin reported its second-quarter 2026 earnings on Wednesday, August 5, 2026. The company delivered $1.92 billion in revenue, yet again up a ridiculous 50%+ year over year, plus a preposterously good 84% adjusted EBITDA margin. Wall Street’s reaction? Erasing roughly one-fifth of AppLovin’s market value the next day, to the tune of $40 billion. This document is a deep-dive into AppLovin’s second quarter results and the company’s outlook.
This research note covers the following:
– Executive Summary
– Revenue
– Revenue By Geography
– Stock Price
– Cash Reserve
– Looking Ahead
– About AppLovin
Companies covered: Adjust, Amazon, AppLovin, Google, Meta, The Trade Desk, Wurl.