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    Applovin Corp FY2026 Q1 Financial Update

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    Margin4
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    Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures. Please see “Non-GAAP Financial Measures” and the reconciliation from GAAP to non-GAAP measures
    later in this update.
    AppLovin Corporation / 1Q26 Financial UpdateAdjusted EBITDA
    ($ millions)
    Adjusted EBITDA
    Cash Flow from Operations and Shares Outstanding
    Cash Flow from Operations 1Q26 $1.84 ?illion 59% o/o)
    1Q26 $1.21 ?illion 67% o/o), a net margin of 65%
    1Q26 $1.56 ?illion 66% o/o), an 85% margin

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