Applovin Corporation (APP) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Applovin's earnings call for the fourth quarter and year ended December 31st, 2025. I'm David Hsiao, Head of Investor Relations. Joining me today to discuss our results are Adam Ferughi, our co-founder, CEO, and shareperson, and Matt Stumpf, our CFO. Please note our SEC filings to date, as well as our financial update and press release discussing our fourth quarter and annual performance are available at investors.applovin.com. During today's call, we will be making forward-looking statements including, but not limited to, the future development and reach of our platform, our expected growth opportunities, the expected future financial performance of the company, and other future events. These statements are based on our current assumptions and beliefs, and we assume no obligation to update them except as required by law. Our actual results may differ materially from the results predicted. We encourage you to review the risk factors in our most recently filed Form 10-Q for the third quarter until September 30, 2025. Additional information may also be found in our annual report on Form 10-K for the fiscal year ended December 31, 2025, which will be filed later this month. We will also be discussing non-GAAP financial measures. These non-GAAP measures are not intended to be superior to or a substitute for our GAAP results. Please be sure to review the GAAP results and the reconciliations of our GAAP and non-GAAP financial measures in our earnings release and financial update, available on our Investor Relations site. This conference call is being recorded, and a replay will be available for a period of time on our IRL website. Now I'll turn it over to Adam and Matt for some opening remarks, then we'll have the moderator take us through Q&A. Thanks, everyone,...