David Hsiao
Head of Investor Relations
0.00Welcome to AppLovin's earnings call for the first quarter ended March 31, 2026. I'm David Hsiao, Head of Investor Relations. Joining me today to discuss our results are Adam Foroughi, our Co-Founder and CEO; and Matt Stumpf, our CFO. Please note, our SEC...
Adam Foroughi
Co-Founder and CEO
0.90Thanks, everyone, for joining us today. I want to start this call a little bit differently than our last few. No preamble on stock price, no addressing short sellers, no reacting to noise. This quarter, the conversation is about us and our future. And from...
Thanks, Adam, and thanks to everyone for joining us today. Q1 was another exceptional quarter. We exceeded the high end of our guidance on revenue and adjusted EBITDA, expanded margins to a new high and continued our disciplined return of meaningful capital to...
Operator Instructions. Our first question will come from Matthew Cost with Morgan Stanley.
Matthew Cost
Analyst (Morgan Stanley)
0.00I guess on the product roadmap, Adam, you talked about a significant product breakthrough just a couple of weeks ago. Could you give us a little bit more detail about what that entailed? Was it a new type of model targeting a different use case, or was it an...
Adam Foroughi
Co-Founder and CEO
0.80Yes. So if you recall, when we first launched Axon 2.0, we've had a lot of fast growth quarters since. I think it's been 12 straight. Almost all of that has been attributed to two things. One is releasing new products. As we've gotten deeper into gaming, we...