AppLovin stock rallies after record quarter and buyback boost

Published on 11/05/2026 at 16:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AppLovin stock rallied after record third-quarter revenue and profit growth. Management also expanded its share repurchase authorization.

Record quarter resets the investor debate

Third-quarter revenue and net income reached new records as AppLovin expanded its advertising platform.
Fourth-quarter guidance calls for continued revenue growth and an adjusted EBITDA margin of 84% to 85%.
The larger buyback authorization gives management additional capital-return flexibility.

AppLovin Corp., US03831W1080, Illustration mit AI erstellt.

AppLovin reported record third-quarter results on Wednesday, November 4, after the U.S. market close. In its investor release, the marketing-platform company said revenue for the quarter ended September 30 rose 55% year over year to 2.185 billion US dollars. Net income increased 72% to 1.439 billion US dollars, while diluted earnings per share reached 4.30 US dollars.

Growth and margins remain central

Adjusted EBITDA rose 59% to 1.842 billion US dollars, producing an 84% margin compared with 82% a year earlier. Free cash flow reached 1.418 billion US dollars, up from 1.049 billion US dollars in the year-earlier quarter.

AppLovin guided for fourth-quarter revenue of 2.365 billion to 2.395 billion US dollars. Adjusted EBITDA is expected to range from 1.995 billion to 2.025 billion US dollars, implying a margin of 84% to 85%. The company cautioned that it cannot reconcile the forward non-GAAP guidance with a forward GAAP figure without unreasonable effort.

Buyback capacity expands

The board approved an additional 3.2 billion US dollars for share repurchases, lifting the total authorization to 3.6 billion US dollars as of the end of October. During the quarter, AppLovin repurchased and withheld 4.1 million Class A shares at a total cost of 1.4 billion US dollars.

AppLovin stock traded at 321.43 euros on Lang & Schwarz at 16:31 CET on Thursday, November 5, 2026. That compares with 290.23 euros cited in the prior report on the same day at 13:46 Berlin time, an increase of 10.75%.

For the latest quote, see the real-time quote of AppLovin stock.

What investors watch next

The next test is whether AppLovin can convert the third-quarter momentum into its fourth-quarter revenue range while sustaining its unusually high adjusted EBITDA margin. The expanded authorization adds another potential source of demand for the stock, but future repurchases remain subject to market conditions and the company's capital-allocation priorities.

U.S. technology shares remain sensitive to earnings expectations and valuation shifts; see Current S&P 500 market coverage.

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