1Q 2026 earnings: Just getting started

Published: 2026-05-11 16:58:05 ET APP

Published on 05/11/2026 at 04:58 pm EDT

AppLovin closed Q1 2026 with another quarter of strong execution across the business.

Revenue came in at $1.84 billion, up 59% year over year and 11% sequentially. Adjusted EBITDA was $1.56 billion, an 85% margin, and the highest quarterly adjusted EBITDA margin we've reported. Free cash flow was $1.29 billion.

The quarter extended a multi-quarter run of consistent growth, record margins, and strong cash generation. Our full financial results, earnings call replay, and financial update are linked at the bottom of this post.

These results are our scoreboard. They reflect the progress we've made, but they are not what drives us.

What drives us

Last week we held a company meeting at our Palo Alto headquarters. There was a real sense of pride in what the team accomplished this past quarter. But as Adam reminded everyone, the work isn't done. What matters now is continuing to execute with the same urgency, focus, and discipline that got us here. Our CTO Giovanni Ge, shared the same sentiment in his closing remarks:

Disclaimer

Applovin Corporation published this content on May 11, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 11, 2026 at 20:49 UTC.