AppLovin Q4 2025 revenue rose 66% to $1.66 billion; Q1 2026 guidance $1.745–$1.775 billion
AppLovin reported fourth-quarter 2025 revenue of $1.658 billion, up 66% from a year earlier, with adjusted EBITDA of $1.399 billion at an 84% margin. Full-year 2025 revenue reached $5.481 billion, up 70%, and the company bought back $2.58 billion of stock during the year. For the first quarter of 2026 it guided to revenue of $1.745–$1.775 billion and adjusted EBITDA of $1.465–$1.495 billion.
- Q4 2025 revenue $1,658 million (+66%); adjusted EBITDA $1,399 million (+82%, 84% margin)
- Q4 2025 net income $1,102 million; free cash flow $1,309 million
- Full-year 2025 revenue $5,481 million (+70%); free cash flow $3,952 million
- Q1 2026 guidance: revenue $1,745–$1,775 million; adjusted EBITDA $1,465–$1,495 million
- Long-term debt $3.51 billion at December 31, 2025; repurchases and withholdings of $2.58 billion in 2025
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Source
SEC filing (8-K, Exhibit 99.1)Feb 11, 2026
SEC filing 8-K · accession 0001751008-26-000005 · sec.gov ↗