AppLovin reported first-quarter 2026 revenue of $1.8 billion, a 59% year-over-year increase, while Fastly posted $173.0 million, up 20%. AppLovin's quarterly sales rose every quarter in 2025 and reached $1.8 billion in Q1 2026, with a net income margin of 65% for the period. Fastly's Q1 revenue represented its slow and steady expansion, but its stock fell in May after the company forecasted full-year 2026 sales between $710 million and $725 million, implying about 16% growth over 2025. AppLovin expects Q2 sales of approximately $1.9 billion, continuing its rapid expansion in the mobile advertising market, and trades at a price-to-sales ratio of 28 compared to Fastly's multiple of four.
Applovin CorpAppLovin reported Q1 revenue up 59% YoY to $1.8B with 65% net income margin, and guided Q2 sales ~$1.9B.
Fastly, Inc. Class A Common StockFastly's Q1 revenue grew 20% but its stock fell after forecasting FY2026 sales growth of only ~16%.