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AppLovin Corporation (APP)
Communication Services · Advertising Agencies · NasdaqGS
AppLovin Corporation revenue & earnings — last 7 fiscal years
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $994.10M | $1.45B | $2.79B | $2.82B | $3.28B | $4.71B | $5.48B |
| Gross profit | $752.83M | $895.51M | $1.81B | $1.56B | $2.93B | $4.19B | $4.82B |
| Net income | $119.04M | $-125.19M | $35.45M | $-192.75M | $354.94M | $1.58B | $3.33B |
| Net margin | 12.0% | -8.6% | 1.3% | -6.8% | 10.8% | 33.5% | 60.8% |
Source: AppLovin Corporation SEC filings (10-K).
What growth is priced into APP stock?
At today's market cap of $174.97B, AppLovin Corporation is priced for free-cash-flow growth of about 27.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $2.09B from the FY ending 2024-12-31). For comparison, free cash flow actually grew 60.8%/yr over the last five fiscal years and revenue 30.4%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 7 years of AppLovin Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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AppLovin Corporation financial history by metric
About AppLovin Corporation
AppLovin Corporation provides end-to-end artificial intelligence-powered advertising solutions for businesses in the United States and internationally. It operates through two segments, Advertising and Apps. The company offers Axon Ads Manager, a suite of marketing solutions that enables developers to automate, optimize, and manage marketing efforts; MAX, an in-app bidding technology that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform; and Wurl, a connected TV platform, which distributes streaming video for content companies, provides advertising and publishing solutions. It serves individuals, small and independent businesses, enterprises, advertisers and advertising networks, mobile app publishers, and indie studio developers. The company was incorporated in 2011 and is headquartered in Palo Alto, California.
AppLovin Corporation — frequently asked questions
What is AppLovin Corporation's revenue?
AppLovin Corporation (APP) reported revenue of $5.48B for fiscal year 2025, up 16.4% from the prior year, according to its SEC filings.
Is AppLovin Corporation profitable?
Yes. APP earned net income of $3.33B in fiscal 2025, a net margin of 60.8%.
What is APP's P/E ratio?
AppLovin Corporation trades at a price-to-earnings ratio of about 49.0 based on the latest data in our nightly-refreshed cache.
How fast is AppLovin Corporation growing?
APP's revenue grew at roughly 30.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does AppLovin Corporation have?
As of fiscal year 2025, APP carried roughly $3.51B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is AppLovin Corporation's gross margin?
APP's gross margin was 87.9% in fiscal 2025 — gross profit of $4.82B on revenue of $5.48B.
What is AppLovin Corporation's market cap?
AppLovin Corporation (APP) has a market capitalization of about $174.97B, based on the latest data in our nightly-refreshed cache.
When does AppLovin Corporation's fiscal year end?
APP's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into APP stock?
At today's market cap of $174.97B, AppLovin Corporation is priced for free-cash-flow growth of about 27.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $2.09B from the FY ending 2024-12-31). For comparison, free cash flow actually grew 60.8%/yr over the last five fiscal years and revenue 30.4%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from AppLovin Corporation's official SEC filings (10-K and 10-Q), covering 7 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.