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AppLovin Corporation

AppLovin Corporation

NASDAQ•APP
CEO: Mr. Adam Arash Foroughi
Sector: Technology
Industry: Software - Application
Listing Date: 2021-04-15
AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products. It also offers SparkLabs, which uses app store optimization to enhance ad visibility; AppLovin Exchange, which connects buyers to mobile and CTV devices through a single and direct RTB exchange; and Array, an end-to-end app management suite for mobile operators and end users. In addition, the company operates various free-to-play mobile games. It serves individuals, small and independent businesses, enterprises, advertisers and advertising networks, mobile app publishers, indie studio developers, and internet platforms. AppLovin Corporation was incorporated in 2011 and is headquartered in Palo Alto, California.
Contact Information
1100 Page Mill Road, Palo Alto, CA, 94304, United States
800-839-9646
www.applovin.com
Market Cap
$177.38B
P/E (TTM)
62.7
65.9
Dividend Yield
--
52W High
$745.61
52W Low
$200.50
52W Range
59%
Rank45Top 56.8%
3.6
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Weak • 3.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2025

Financial Dashboard

Q3 2025 Data

Revenue

$1.41B+17.26%
4-Quarter Trend

EPS

$2.47+91.47%
4-Quarter Trend

FCF

$1.05B+92.41%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Growth Strong Nine months revenue reached $3.823B USD, marking a 72% increase over prior period driven by Axon Advertising.
Profitability Margin Expansion Net Income Margin improved to 58.4% for nine months, up from 44.1% last year following Apps Business divestiture.
Robust Operating Cash Flow Net cash provided by operating activities totaled $2.657B USD for the nine months ended September 30, 2025.
Significant Share Buyback Repurchased $1.8B USD of Class A common stock during the nine months ended September 30, 2025.

Risk Factors

Legal Proceedings Exposure Securities and derivative litigation ongoing; ultimate outcome and potential loss exposure remain uncertain despite confidence in defenses.
Platform Policy Changes Reliance on third-party platforms like Apple/Google; policy changes regarding tracking could impact advertising effectiveness and revenue.
AI Regulatory Uncertainty Development and use of AI technologies face uncertain and evolving governmental scrutiny, litigation, and IP risks.
International Expansion Risks Global operations face risks from geopolitical instability, trade tariffs, and varying international regulatory regimes.

Outlook

Invest in Technology Innovation Plan continued investment in R&D and AI capabilities, including Axon AI, to enhance advertising solutions and expand verticals.
Client Retention Focus Future success relies on retaining existing clients and increasing their spend across advertising solutions to drive revenue.
Global Client Acquisition Future growth depends partly on acquiring new clients globally, targeting expansion outside mobile gaming into areas like e-commerce.
TikTok Exploration Preliminary Indication of interest to purchase TikTok is preliminary; transaction success and investor perception remain uncertain.

Peer Comparison

Revenue (TTM)

Intuit Inc.INTU
$19.43B
+17.1%
Shopify Inc.SHOP
$10.70B
+30.2%
Workday, Inc.WDAY
$9.22B
+6.4%

Gross Margin (Latest Quarter)

Asana, Inc.ASAN
88.9%
-0.3pp
monday.com Ltd.MNDY
88.7%
-0.9pp
AppLovin CorporationAPP
87.6%
+2.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SHOP$179.51B100.715.1%7.4%
APP$177.38B62.7262.9%55.4%
INTU$157.01B38.221.4%20.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.8%
Moderate Growth
4Q Net Income CAGR
11.7%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 11, 2026
|
EPS:$2.89
|
Revenue:$1.61B
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 5, 2025|
    Revenue: $1.41B+17.3%
    |
    EPS: $2.47+91.5%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $1.26B+77.0%
    |
    EPS: $2.42+163.0%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $1.48B+40.3%
    |
    EPS: $1.70+142.9%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 27, 2025|
    Revenue: $4.71B+43.4%
    |
    EPS: $4.68+363.4%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 6, 2024|
    Revenue: $1.20B+38.6%
    |
    EPS: $1.29+303.1%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $711.02M-5.2%
    |
    EPS: $0.92+318.2%
    Meet
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $1.06B+47.9%
    |
    EPS: $0.70-5885.1%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 26, 2024|
    Revenue: $3.28B+16.5%
    |
    EPS: $1.01+294.2%
    Beat