AppLovin reported its financial results for the second quarter of 2025, showing a 77% year-over-year increase in revenue to $1.26 billion, slightly below analyst estimates of $1.28 billion. Earnings per share rose 22% to $2.39, surpassing the estimated $1.95. Net income from continuing operations surged 156% to $772 million, while adjusted EBITDA nearly doubled with a 99% increase to $1.02 billion. The company generated $772 million in net cash from operating activities and $768 million in free cash flow. For the third quarter, AppLovin provided guidance of revenue between $1.32 billion and $1.34 billion, slightly above the consensus estimate of $1.31 billion, with an adjusted EBITDA margin forecast of approximately 81%. The company also announced the sale of its Apps business to Tripledot Studios, signaling a strategic shift. AppLovin expressed confidence in sustaining 20% to 30% year-over-year growth driven by its core gaming market and highlighted opportunities for expansion.