AppLovin
$281.31Change from previous close: −3.14%Absolute change: −$9.12
At a glance
- Revenue growth
- +69.99%
- 2025 vs 2024
- Net income growth
- +111.03%
- 2025 vs 2024
- Net margin
- 60.8%
- 2024: 49.0%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | 5,481 | 3,224 | 1,842 | 2,817 | 2,793 |
| Cost of revenue | 665 | 521 | 357 | 1,256 | 988 |
| Gross profit | 4,816 | 2,703 | 1,485 | 1,561 | 1,805 |
| Selling, general and administrative | 437 | 418 | 379 | 1,073 | 1,272 |
| Research and development | 227 | 375 | 334 | 508 | 366 |
| Operating income | 4,152 | 1,911 | 772 | -19.5 | 167 |
| EBIT | 4,152 | 1,911 | 772 | -19.5 | 167 |
| EBITDA | 4,275 | 2,033 | 890 | 524 | 598 |
| Interest expense | 207 | 289 | 269 | 172 | 86.3 |
| Pre-tax income | 3,953 | 1,612 | 502 | -205 | 46.3 |
| Income tax | 520 | 22.4 | 43.8 | -12.2 | 11.0 |
| Net income | 3,334 | 1,580 | 357 | -193 | 35.4 |
| Net income to common shareholders | 3,333 | 1,577 | 354 | -193 | 31.7 |
| Basic EPS | 9.84 | 4.68 | 1.01 | -0.52 | 0.10 |
| Diluted EPS | 9.75 | 4.53 | 0.98 | -0.52 | 0.09 |
| Average shares (basic) | 339 | 337 | 352 | 372 | 325 |
| Average shares (diluted) | 342 | 348 | 363 | 372 | 343 |