Filing Flows › AppLovin (APP) › How it makes money
How AppLovin (APP) makes money
AppLovin (APP) made $2.2B of revenue in the third quarter 2026 (Q3 2026), +55% from a year earlier. Of every dollar of revenue, 78¢ was left as operating profit, 66¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $2.2B | 100.0% |
| Operating profit | $1.7B | 78.2% |
| Income tax | $305M | 14.0% |
| Net earnings | $1.4B | 65.9% |
| Operating cash flow | $1.4B | 65.4% |
| Free cash flow | $1.4B | 64.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $2.2B | +56% |
| Q2 2026 | $1.9B | +53% |
| Q1 2026 | $1.8B | +59% |
| Q4 2025 | $1.7B | +66% |
| Q3 2025 | $1.4B | +68% |
| Q2 2025 | $1.3B | +77% |
| Q1 2025 | $1.5B | +40% |
From AppLovin's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does AppLovin make money?
AppLovin (APP) made $2.2B of revenue in the third quarter 2026 (Q3 2026), +55% from a year earlier. Of every dollar of revenue, 78¢ was left as operating profit, 66¢ was left as net earnings.
What is AppLovin's profit margin?
Net earnings were $1.4B, 65.9% of revenue, in the third quarter 2026; the operating margin was 78.2%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.