
AppLovin reported strong Q3 results with revenue of $1.41 billion (vs. $1.34 billion estimate) and adjusted EBITDA of $1.16 billion. For Q4 2025, the company expects revenue between $1.57 billion and $1.6 billion, and adjusted EBITDA between $1.29 billion and $1.32 billion.
Bullish
Q3 revenue was $1.41B, up 68% year over year, and adjusted EBITDA was $1.16B, up 79% at an 82% margin.
Bearish
Operates in an environment of heightened scrutiny around data privacy and adtech practices.