Key Highlights

  • AppLovin (NASDAQ:APP) booked USD 2.18 billion of revenue; its adjusted EBITDA Margin reached 84.3%, up from 82.4%, while the GAAP net margin was roughly 66% by our math.
  • Klaviyo (NYSE:KVYO) grew Revenue to USD 387.2 million, up about 24.5% by our calculation, yet netted only USD 0.7 million of income after a USD 4.5 million operating loss.
  • Magnite (NASDAQ:MGNI) lifted Connected TV contribution ex-TAC 39% to USD 105.4 million, and Net Income rose 70% to USD 34.0 million.
  • QuinStreet (NASDAQ:QNST) set a fiscal first-quarter revenue record at USD 416.7 million, a 46% gain, yet its second-quarter outlook spans USD 360 million to USD 380 million.

AppLovin (NASDAQ:APP): Adjusted Margin of 84.3% and a Largely Spent Buyback

AppLovin (NASDAQ:APP) lodged its quarterly 10-Q on November 4, 2026. Its Business centers on AI-driven Advertising tools, including AppLovin Ads, MAX, Adjust and Wurl, and AppLovin Ads accounts for the vast majority of sales. Revenue reached USD 2.18 billion, compared with USD 1.41 billion a year earlier, about 55% higher on our arithmetic from the reported figures, and net income reached USD 1.44 billion, equal to USD 4.30 a diluted share. Adjusted EBITDA, a non-GAAP figure, came to USD 1.84 billion, an 84.3% margin against 82.4%. That metric leaves out USD 84.2 million of stock-based compensation, which more than doubled, and a USD 305.0 million tax provision, so the GAAP view gives the fuller picture. Nine-month free Cash Flow totaled USD 3.57 billion, while 7.33 million Class A shares were repurchased for USD 2.9 billion. At September 30, 2026, the buyback authorization had USD 394.3 million left, meaning more repurchases would require new approval. The Balance Sheet held USD 3.2 billion of cash, and no guidance appeared in the extract reviewed.

Klaviyo (NYSE:KVYO): Revenue Growth Near 25% With Barely Positive Net Income

Klaviyo (NYSE:KVYO) lodged a third-quarter 10-Q on November 4, 2026. Its subscription software lets consumer brands handle email, text, WhatsApp, service and analytics on one platform, and more than 211,000 customers were on it at September 30, 2026. Revenue of USD 387.2 million rose from USD 310.9 million, about 24.5% (calculated). Operating expenses of USD 291.9 million exceeded Gross Profit of USD 287.4 million, leaving an operating loss of USD 4.5 million, and USD 6.8 million of interest income pushed the result to net income of USD 0.7 million. Retention on net revenue slipped to 108% from 109%, a shift the filing largely pins on lapping earlier pricing moves. Customers generating more than USD 500,000 in annualized Recurring Revenue reached 105, versus 67 before. Cash and equivalents fell from USD 1,064.9 million at year end to USD 705.4 million, after USD 484.4 million went to repurchase payments. The filing offers no guidance, consensus comparison or share price reaction, and international sales outside the Americas made up 37.0% of nine-month revenue.

Magnite (NASDAQ:MGNI): Connected TV Contribution Climbs 39% Amid a Remedies Ruling and an Expected Appeal

Magnite (NASDAQ:MGNI) reported figures for the period through September 30, 2026, via a 10-Q lodged November 4, 2026. The company operates a Sell-Side platform that helps publishers and streaming providers sell digital ad space to buyers. Revenue advanced 14% to USD 204.2 million, while Contribution ex-TAC, which is non-GAAP and omits traffic Acquisition costs on gross-reported deals, climbed 20% to USD 200.6 million. Connected TV grew 39% on that basis to USD 105.4 million, roughly 53% of the total by our calculation. Operating Income rose 102% to USD 50.5 million, and net income jumped 70%, reaching USD 34.0 million or USD 0.23 a diluted share, even as the tax provision rose from USD 0.9 million to USD 11.6 million. Adjusted EBITDA climbed 46% to USD 83.4 million. In September 2026 a court issued a remedies opinion in an ad technology antitrust case against a major search company, which has said it plans to appeal. Another flagged hazard is AI-led erosion of search referrals, which could hurt open-web display supply, and no numeric outlook is included.

QuinStreet (NASDAQ:QNST): A Record Fiscal First Quarter Followed by a Lower Second-Quarter Range

QuinStreet (NASDAQ:QNST) runs performance marketplaces that connect consumers with brands in financial and home services, and it published fiscal first-quarter 2027 figures on November 4, 2026. Sales of USD 416.7 million climbed 46% from USD 285.9 million, while GAAP net income reached USD 17.0 million, or USD 0.29 a diluted share, against USD 4.5 million. Adjusted EBITDA more than doubled, rising 108% to USD 42.7 million. Management credited stronger carrier Demand in auto insurance and momentum in home services. The second-quarter revenue range of USD 360 million to USD 380 million sits about 11% below the first quarter at the midpoint by our calculation, although management frames it as 29% growth year over year. The release does not explain the sequential step down. Full-year revenue is now projected at USD 1.5 billion to USD 1.6 billion, with adjusted EBITDA of USD 155 million to USD 165 million. Cash of USD 141.5 million compares with USD 70.0 million of noncurrent debt, and receivables grew from USD 181.2 million in June to USD 207.5 million.

Where Things Stand

The 84.3% figure shows that AppLovin (NASDAQ:APP) turns most added revenue into adjusted profit, but that measure excludes stock pay and taxes, and the GAAP margin is about 66% by our math. Using the same simple division, Magnite (NASDAQ:MGNI) comes out at roughly 40.8% on adjusted EBITDA. QuinStreet (NASDAQ:QNST) works out near 10.2% on that basis. No adjusted EBITDA figure for Klaviyo (NYSE:KVYO) appears in the material reviewed, which shows net income of USD 0.7 million. The companies use different profit measures, so this comparison is directional only. The gap between GAAP and adjusted figures is widest for AppLovin, so readers should weigh both. Next markers are the AppLovin buyback approval, the timing of the Magnite appeal, Klaviyo gross margin in the holiday quarter and QuinStreet results against its second-quarter range.