AppLovin (APP) is a public company. AppLovin helps businesses of any size reach over a billion people who play mobile games every day. Every ad runs fullscreen during natural pauses in gameplay, no scrolling past, no swiping away. Mobile gamers are mainstream consumers who shop, decide, and buy. AppLovin lets you meet them there. Founded in 2012. It has 531 employees. Annual revenue is $5.5B. IPO 2021.

Transcript

David Hsiao — Head of Investor Relations

Welcome to AppLovin's Earnings Call for the Second Quarter Ended June 30th, 2026. I'm David Hsiao, Head of Investor Relations. Joining me today to discuss our results are Adam Foroughi, our Co-founder and CEO, and Matt Stumpf, our CFO. Please note our SEC filings to-date, as well as our financial update and press release discussing our second quarter performance are available at investors.applovin.com. During today's call, we will be making forward-looking statements including, but not limited to, the future development and reach of our platform, our expected growth opportunities, the expected future financial performance of the company, and other future events. These statements are based on our current assumptions and beliefs, and we assume no obligation to update them except as required by law. Our actual results may differ materially from the results predicted. We encourage you to review the risk factors in our most recently filed Form 10-Q for the fiscal quarter ended March 31st, 2026. Additional information may also be found in our quarterly report on Form 10-Q for the fiscal quarter ended June 30th, 2026, which will be filed today. We will also be discussing non-GAAP financial measures. These non-GAAP measures are not intended to be superior to or a substitute for our GAAP results. Please be sure to review the GAAP results and reconciliations of our GAAP and non-GAAP financial measures in our earnings release and financial update, available on our IR website. This conference call is being recorded, and a replay and transcript will be available for a period of time on our IR website. Now I'll turn it over to Adam and Matt for some opening remarks, then we'll have the moderator take us through Q&A.

Adam Foroughi — Co-founder and CEO

Thanks, everyone, for joining us today. I'm going to get right to it. This quarter, we delivered almost $2 billion in revenue, which was just below the midpoint of our guidance range, and our Adjusted