APP AppLovin

Q3 2025 10-Q

Filed: Nov 5, 2025Period ending Sep 30, 2025

Information Technology

Services-Computer Programming, Data Processing, Etc.SEC EDGAR

AppLovin (APP) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 5, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

• Revenue $1.4B Q3 FY25, up 68% YoY from $835M Q3 FY24, driven by 75% increase in net revenue per installation on Axon Advertising
• Net income $836M Q3 FY25 vs $434M Q3 FY24; net margin 59.5% vs 52.0% YoY; Adjusted EBITDA margin 82.4% vs 77.5% YoY

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Risk Factors

• New strategic risk: Indication of interest to US President to explore purchase of TikTok outside China announced April 2025, with potential operational disruptions and significant transaction costs
• Updated regulatory risk: EU-U.S. Data Privacy Framework and UK Extension effective 2023, but legal challenges and data transfer uncertainties remain impacting compliance costs

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Quarterly Financial Summary
XBRL

Revenue

$1.4B

▲ +17.3% YoY▲ +50.5% QoQ

Net Income

$836M

▲ +92.3% YoY▲ +2.0% QoQ

Operating Margin

76.8%

▲ +3215bp YoY▼ -4468bp QoQ

Net Margin

59.5%

▲ +2321bp YoY▼ -2830bp QoQ

ROE

56.7%

Total Assets

$6.3B

EPS (Diluted)

$2.45

▲ +96.0% YoY▲ +2.5% QoQ

Operating Cash Flow

$1.1B

▲ +91.3% YoY▲ +36.4% QoQ

Source: XBRL data from AppLovin Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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