AppLovin
$268.22Change from previous close: −4.65%Absolute change: −$13.09
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 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Total revenue | 5,481 | 3,224 | 1,842 | 2,817 | 2,793 | 1,451 | 994 | 483 |
| Cost of revenue | 665 | 521 | 357 | 1,256 | 988 | 556 | 241 | 53.8 |
| Gross profit | 4,816 | 2,703 | 1,485 | 1,561 | 1,805 | 896 | 753 | 430 |
| Selling, general and administrative | 437 | 418 | 379 | 1,073 | 1,272 | 686 | 510 | 182 |
| Research and development | 227 | 375 | 334 | 508 | 366 | 181 | 45.0 | 16.3 |
| Operating income | 4,152 | 1,911 | 772 | -19.5 | 167 | 28.9 | 198 | 232 |
| EBIT | 4,152 | 1,911 | 772 | -19.5 | 167 | 28.9 | 198 | 232 |
| EBITDA | 4,275 | 2,033 | 890 | 524 | 598 | 284 | 291 | 248 |
| Interest expense | 207 | 289 | 269 | 172 | 86.3 | 77.9 | 74.0 | 62.1 |
| Pre-tax income | 3,953 | 1,612 | 502 | -205 | 46.3 | -136 | 126 | -240 |
| Income tax | 520 | 22.4 | 43.8 | -12.2 | 11.0 | -9.8 | 7.2 | 19.7 |
| Net income | 3,334 | 1,580 | 357 | -193 | 35.4 | -125 | 119 | -260 |
| Net income to common shareholders | 3,433 | 1,587 | 456 | -193 | 31.7 | -125 | 76.4 | -260 |
| Basic EPS | 10.13 | 4.71 | 1.29 | -0.52 | 0.10 | -0.58 | 0.36 | -1.37 |
| Diluted EPS | 10.04 | 4.56 | 1.26 | -0.52 | 0.09 | -0.58 | 0.36 | -1.37 |
| Average shares (basic) | 339 | 337 | 352 | 372 | 325 | 215 | 211 | 190 |
| Average shares (diluted) | 342 | 348 | 363 | 372 | 343 | 215 | 212 | 190 |