Overview
- AppLovin, which reported results Wednesday, posted $1.84 billion in revenue and $3.56 in earnings per share, topping Wall Street forecasts.
- Management guided second‑quarter revenue to $1.92 billion to $1.95 billion and projected adjusted EBITDA of $1.62 billion to $1.65 billion.
- The company repurchased $1 billion of stock and ended the quarter with about $2.76 billion in cash after generating roughly $1.30 billion in free cash flow.
- Shares rose in postmarket trading following the beat and raised outlook, after options markets had priced a roughly 12.5% swing in either direction.
- Investors now focus on Axon, the AI ad engine, and a self‑serve e‑commerce ads product, with wider availability expected in the first half of 2026.