AppLovin Corp

AppLovin announced strong first-quarter 2026 financial results, with revenue increasing 59% to $1.84 billion and net income surging 109% to $1.21 billion. Adjusted EBITDA also grew 66% to $1.56 billion. The company generated $1.3 billion in free cash flow and repurchased $1.0 billion worth of Class A common stock. For Q2 2026, AppLovin expects revenue between $1.915 billion and $1.945 billion, and Adjusted EBITDA between $1.615 billion and $1.645 billion.

AppLovin Corporation has announced significant leadership changes, including the appointment of Craig Billings as independent Chairperson of the Board, effective immediately. This move enhances corporate governance, with former Chairperson Adam Foroughi continuing as CEO and a board member. The company also detailed executive transitions, with Chief Technology Officer Basil Shikin stepping down to a Distinguished Engineer role and Chief Administrative & Legal Officer Victoria Valenzuela retiring, though she will serve as a consultant for $150,000 and is nominated for a board seat. These changes reflect a strategic evolution in both executive leadership and board oversight.