AppLovin/$APP

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About AppLovin

AppLovin is a vertically integrated advertising technology company that acts as a demand-side platform for advertisers, a supply-side platform for publishers, and an exchange facilitating transactions between the two. About 80% of AppLovin's revenue comes from the DSP, AppDiscovery, while the remainder comes from the SSP, Max. AppLovin's primary tool for future growth is AXON 2, which is an ad optimizer operating within the DSP that allows advertisers to place ads according to specified return thresholds.

Ticker

$APP

Sector

Software & Cloud Services
Primary listing

Employees

1,548

AppLovin Metrics

BasicAdvanced
$204B
85.84
$7.03
2.43
-

What the Analysts think about AppLovin

Analyst ratings (Buy, Hold, Sell) for AppLovin stock.

Bulls say / Bears say

AppLovin’s advertising revenues grew about 75% year-over-year in 2024, supporting an adjusted EBITDA margin of 76% (after stock compensation) and showing exceptional profitability in its core DSP business (Reuters)
Since the beginning of 2023, AppLovin’s share price rose from $10 to over $450, fueled by the rapid expansion of its high-margin adtech segment and strong operating margins, reflecting solid investor confidence in its business model (Financial Times)
AppLovin’s AI-powered ad platform reached over 1 billion daily mobile-game users, achieving a 73% increase in ad revenues in Q4 and positioning the company to seize major e-commerce advertising opportunities, similar to TikTok’s scale (Wall Street Journal)
Apple’s App Tracking Transparency framework has drawn antitrust scrutiny, with France’s Autorité de la Concurrence fining Apple €150 million for ATT’s disproportionate impact on third-party advertisers, signaling higher compliance costs and reduced targeting efficacy for adtech platforms like AppLovin (Reuters)
AppLovin’s market capitalization plunged by roughly $30 billion after a wave of short-seller reports questioned the legitimacy of its growth metrics and user-acquisition practices, highlighting potential legal, regulatory, and reputational risks (Financial Times)
Sir Martin Sorrell warned that ongoing U.S. tariff uncertainty will worsen digital advertising headwinds in 2025, likely prompting major technology clients to reduce marketing spend and creating a challenging environment for ad revenue growth at AppLovin (Financial Times)
Data summarised monthly by Lightyear AI. Last updated on 5 Sept 2025.

AppLovin Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

AppLovin Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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