AppLovin Corporation · APP · Next earnings

AppLovin Corporation reports Wednesday, Nov 4, 2026

APP reports after market close with consensus EPS at $4.03 and revenue at $2.08B. Last quarter: AppLovin Q2: Growth held up as model gains lagged

Reports After market close0 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $4.03 Calendar consensus
Consensus revenue $2.08B Calendar consensus
Report date Nov 4, 2026 Wednesday, date estimated
Session After market close 0 days away

Where APP left off: FY2026 Q2

Full report

AppLovin Q2: Growth held up as model gains lagged

EPS surprise 0.0% Reported $3.76 vs $3.76
Revenue surprise -0.9% Reported $1.92B vs $1.94B
Stock move -0.5% Event window
Subsequent drift -23.6% Up to 20 sessions

Maintained; management expects new model improvements to support Q3 performance.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Higher compute costs could pressure margins.
  • Future model improvements may arrive later or deliver less uplift than expected.
  • Mid-market partnership execution may affect advertiser acquisition.
  • Google, Meta and other platforms remain competitive pressures.
  • Expansion into non-gaming apps and connected TV has uncertain timing.

Questions analysts left open

  • Why model uplift was lower than expected in Q2.
  • Whether creative tools and video ad generation improve advertiser outcomes.
  • Whether higher compute spending pressures margin sustainability.
  • Brand awareness and advertiser acquisition outside gaming.
  • Progress in lead generation and self-service funnel conversion.

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Recent APP quarters

All APP earnings
-0.5%FY2026 Q2+6.4%FY2026 Q1+0.7%FY2025 Q3+12.0%FY2025 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.