Earnings call briefThird-quarter 2026
AppLovin says guidance midpoint implies full-year 2026 growth of more than 50%
Co-Founder and CEO Adam Foroughi said he believes the business can compound at roughly 30% annually over the long term.
GetSignal AppLovin APP
On its third-quarter call, AppLovin said it expects full-year free cash flow conversion of roughly 70% to 75% of adjusted EBITDA. CFO Matt Stumpf said the company ended the quarter with $3.17 billion of cash against $3.5 billion of long-term debt, with net leverage below 0.1 times adjusted EBITDA.
Quotes from the call
“At the midpoint, this guidance implies full-year 2026 revenue and adjusted EBITDA growth of more than 50%.”
“Gaming keeps improving, consumer keeps adding runway, and we believe this business can compound at roughly 30% annually over the long term.”
Key facts from the call
- Full-year 2026 free cash flow conversion outlook
- roughly 70% to 75% of adjusted EBITDA
- Full-year 2026 revenue and adjusted EBITDA growth implied by guidance midpoint
- more than 50%
- Long-term compounding rate cited by CEO
- roughly 30% annually
Source: AppLovin's third-quarter 2026 earnings call, November 4, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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