Filing Flows › AppLovin (APP) › Q3 2025
AppLovin (APP) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
AppLovin (APP) reported revenue of $1.4B for the third quarter 2025 (Q3 2025), +68% from a year earlier and +12% from the quarter before. Operating margin was 76.8%, net earnings $836M (59.5% of revenue).
AppLovin, Q3 2025: revenue $1.4B (+68% year over year), operating margin 76.8%, net earnings $836M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +12% | +68% |
| Operating profit | $1.1B | +13% | +102% |
| Net earnings | $836M | +2% | +92% |
| Operating cash flow | $1.1B | +36% | +91% |
| Free cash flow | $1.0B | — | +92% |
What changed
Revenue was $1.4B in Q3 2025, up 68% year over year and up 12% from the previous quarter.
Operating profit was $1.1B, a 76.8% margin (up 12.8 points year over year). Of the extra revenue versus a year earlier, 96% reached operating profit, above the 64% margin then. Total costs grew 8% against revenue growth of 68%. The fastest-growing cost line was General & admin (+62%). Net earnings were $0.84B, up 92% year over year. The effective tax rate was 18.2%.
Operating cash flow was $1.1B (up 91% year over year), 126% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.15B. After principal payments of finance leases ($4.3M) and purchase of property and equipment ($105K), free cash flow as the company reports it was $1.0B.
Questions
What was AppLovin's revenue in the third quarter 2025?
AppLovin (APP) reported revenue of $1.4B for the third quarter 2025 (Q3 2025), +68% from a year earlier and +12% from the quarter before.
Was AppLovin profitable in the third quarter 2025?
Operating profit was $1.1B (76.8% of revenue) and net earnings $836M.
Source: AppLovin 10-Q on SEC EDGAR.