AppLovin

APP · Information Technology · Market cap $134B

Q3 FY25 Sep 30, 2025 reported Nov 5, 2025

Revenue$1.4B +68% year over year

Gross profit$1.2B

Operating profit$1.1B

Net profit$0.8B 59% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.4	100%	+68%
Rest of the World	0.7	50%	+75%
US	0.7	50%	+62%
Cost of revenue	−0.2	14%
Gross profit	1.2	88% margin	+2pp
Research & development	−0	3%	−7pp
Sales & marketing	−0	3%	−4pp
G&A	−0.2	4%	+0pp
Operating profit	1.1	77% margin	+13pp
Tax	−0.2
Interest & other costs	−0.1
Net profit	0.8	59%	+7pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.3	100%	+77%
US	0.7	54%	+69%
Rest of the World	0.6	46%	+87%
Cost of revenue	−0.2	15%
Gross profit	1.1	88% margin	+5pp
Research & development	−0	3%	−10pp
Sales & marketing	−0	4%	−6pp
G&A	−0.1	4%	−1pp
Operating profit	1	76% margin	+22pp
Tax	−0.2
Net profit	0.8	65%	+22pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q3 FY25	Sep 30, 2025	Nov 5, 2025	$1.4B	+68%	79%	$0.8B	59%
Q2 FY25	Apr 1 – Jun 30, 2025	Aug 6, 2025	$1.3B	+77%	77%	$0.8B	65%