APP · Q3 FY25 · Sep 30, 2025
AppLovin Q3 FY25: where the revenue came from and where it went
AppLovin Q3 FY25: revenue $1.4B (+68% year over year). Net profit $0.8B. Largest cohort Rest of the World $0.7B. The whole income statement as a sankey diagram from the SEC filing.
- Period
- Sep 30, 2025
- Reported
- Nov 5, 2025
Tap the diagram to enlarge · figures in billions of dollars
Revenue$1.4B
+68% year over year
Gross profit$1.2B
88% margin
Operating profit$1.1B
77% margin
Net profit$0.8B
59% margin
The numbers
| 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 |
Older quarters
-
Q2 FY25 6/2025Revenue $1.3B Net margin 65%
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