Filing Flows › AppLovin (APP) › Q2 2025
AppLovin (APP) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
AppLovin (APP) reported revenue of $1.3B for the second quarter 2025 (Q2 2025), +77% from a year earlier and -15% from the quarter before. Operating margin was 76.1%, net earnings $820M (65.1% of revenue).
AppLovin, Q2 2025: revenue $1.3B (+77% year over year), operating margin 76.1%, net earnings $820M, operating cash flow $772M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | -15% | +77% |
| Operating profit | $958M | +44% | +149% |
| Net earnings | $820M | +42% | +164% |
| Operating cash flow | $772M | -7% | +70% |
| Free cash flow | $768M | — | +72% |
What changed
Revenue was $1.3B in Q2 2025, up 77% year over year and down 15% from the previous quarter.
Operating profit was $1.0B, a 76.1% margin (up 22.0 points year over year). Of the extra revenue versus a year earlier, 105% reached operating profit, above the 54% margin then. Total costs fell 8% while revenue rose 77%. The fastest-growing cost line was General & admin (+42%). Net earnings were $0.82B, up 164% year over year. The effective tax rate was 12.0%.
Operating cash flow was $0.77B (up 70% year over year), 94% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.13B. After principal payments of finance leases ($4.1M) and purchase of property and equipment ($42K), free cash flow as the company reports it was $0.77B.
Questions
What was AppLovin's revenue in the second quarter 2025?
AppLovin (APP) reported revenue of $1.3B for the second quarter 2025 (Q2 2025), +77% from a year earlier and -15% from the quarter before.
Was AppLovin profitable in the second quarter 2025?
Operating profit was $958M (76.1% of revenue) and net earnings $820M.
Source: AppLovin 10-Q on SEC EDGAR.