AppLovin Posts Record Q3 2026 Financial Results, Boosts Buyback Authorization by $3.2B, and Approves Reincorporation to Nevada

Overview

On November 4, 2026, AppLovin Corporation filed a Current Report on Form 8-K disclosing its financial results for the third quarter ended September 30, 2026 (Item 2.02), stockholder approval of a reincorporation to Nevada (Item 5.07), and associated exhibits (Item 9.01).

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Item 2.02: Results of Operations and Financial Condition

AppLovin reported record financial performance for Q3 2026:

• Revenue: $2.185 billion, an increase of 55% year-over-year compared to $1.405 billion in Q3 2025.
• Net Income: $1.439 billion, up 72% year-over-year from $836 million in Q3 2025 (66% net income margin).
• Diluted EPS: $4.30 per share ($4.31 basic).
• Adjusted EBITDA: $1.842 billion, up 59% year-over-year, delivering an 84% Adjusted EBITDA margin.
• Cash Flow: Operating cash flow and Free Cash Flow both totaled $1.4 billion for the quarter.

Capital Allocation & Share Repurchases

• In Q3 2026, AppLovin repurchased and withheld 4.1 million shares of Class A common stock for a total expenditure of $1.4 billion.
• The Board of Directors authorized an additional $3.2 billion for share repurchases, elevating the total remaining repurchase capacity to $3.6 billion as of the end of October 2026.

Fourth Quarter 2026 Outlook

• Revenue: $2.365 billion to $2.395 billion.
• Adjusted EBITDA: $1.995 billion to $2.025 billion.
• Adjusted EBITDA Margin: 84% to 85%.

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Item 5.07: Submission of Matters to a Vote of Security Holders

On October 29, 2026, consenting stockholders representing approximately 67% of total voting power approved via written consent the reincorporation of AppLovin from Delaware to Nevada by conversion.

• Consenting Stockholders: Adam Foroughi, Herald Chen, The Foroughi 2015 Irrevocable Trust, and several associated LLC entities, holding an aggregate of 2,370,615 Class A shares and 30,063,730 Class B shares.
• Implementation: An Information Statement on Schedule 14C will be filed with the SEC and distributed to stockholders of record as of October 29, 2026. The reincorporation will take effect no earlier than 20 calendar days following the mailing of the Schedule 14C.