APP Stock - AppLovin Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $4.71B | $3.28B | $2.82B | $2.79B | $1.45B |
| Gross Profit | $3.54B | $2.22B | $1.56B | $1.81B | $895.51M |
| Gross Margin | 75.2% | 67.7% | 55.4% | 64.6% | 61.7% |
| Operating Income | $1.87B | $648.21M | $-47,791,000 | $150.02M | $-62,042,000 |
| Net Income | $1.58B | $356.71M | $-192,746,000 | $35.45M | $-125,187,000 |
| Net Margin | 33.5% | 10.9% | -6.8% | 1.3% | -8.6% |
| EPS | $4.68 | $1.01 | $-0.52 | $0.10 | $-0.35 |
AppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps in the United States and internationally. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; Adjust, an analytics platform that helps marketers grow their mobile apps with solutions for measuring, optimizing campaigns, and protecting user data; and MAX, an in-app bidding software that optimizes the value of an app's advertising inventory by running a real-time competitive auction. Its business clients include various advertisers, publishers, internet platforms, and others. The company was incorporated in 2011 and is headquartered in Palo Alto, California.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 22nd 2025 | Deutsche Bank | Initiation | Buy | $705 |
| October 14th 2025 | RBC Capital Mkts | Initiation | Outperform | $700 |
| July 8th 2025 | Scotiabank | Initiation | Sector Outperform | $430 |
| April 10th 2025 | Morgan Stanley | Upgrade | Overweight | $350 |
| March 28th 2025 | FBN Securities | Initiation | Outperform | $385 |
| January 10th 2025 | The Benchmark Company | Initiation | Buy | $375 |
| November 20th 2024 | Piper Sandler | Initiation | Overweight | $400 |
| November 8th 2024 | Daiwa Securities | Upgrade | Outperform | $280← $80 |
| October 29th 2024 | Wells Fargo | Initiation | Overweight | $200 |
| October 22nd 2024 | Loop Capital | Initiation | Buy | $181 |
| October 14th 2024 | Goldman | Downgrade | Neutral | $150← $103 |
| September 17th 2024 | UBS | Upgrade | Buy | $145← $100 |
| May 2nd 2024 | Jefferies | Resumed | Buy | $93← $70 |
| April 15th 2024 | Daiwa Securities | Initiation | Neutral | $80 |
| December 18th 2023 | HSBC Securities | Initiation | Buy | $53.2 |
Earnings History & Surprises
APPEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 5, 2026 | — | — | — | — |
Q1 2026 | Feb 11, 2026 | $2.89 | — | — | — |
Q4 2025 | Nov 5, 2025 | $2.38 | $2.45 | +2.9% | ✓ BEAT |
Q3 2025 | Aug 6, 2025 | $1.96 | $2.26 | +15.3% | ✓ BEAT |
Q2 2025 | May 7, 2025 | $1.44 | $1.67 | +16.0% | ✓ BEAT |
Q1 2025 | Feb 12, 2025 | $1.12 | $1.73 | +54.5% | ✓ BEAT |
Q4 2024 | Nov 6, 2024 | $0.92 | $1.25 | +35.9% | ✓ BEAT |
Q3 2024 | Aug 7, 2024 | $0.75 | $0.89 | +18.7% | ✓ BEAT |
Q2 2024 | May 8, 2024 | $0.57 | $0.67 | +17.5% | ✓ BEAT |
Q1 2024 | Feb 14, 2024 | $0.35 | $0.49 | +40.0% | ✓ BEAT |
Q4 2023 | Nov 8, 2023 | $0.27 | $0.30 | +11.1% | ✓ BEAT |
Q3 2023 | Aug 9, 2023 | $0.07 | $0.22 | +214.3% | ✓ BEAT |
Q2 2023 | May 10, 2023 | $0.05 | $-0.01 | -120.0% | ✗ MISS |
Q1 2023 | Feb 8, 2023 | $0.05 | $-0.21 | -520.0% | ✗ MISS |
Q4 2022 | Nov 9, 2022 | $0.07 | $0.06 | -14.3% | ✗ MISS |
Q3 2022 | Aug 10, 2022 | $0.15 | $-0.06 | -140.0% | ✗ MISS |
Q2 2022 | May 11, 2022 | $-0.04 | $0.18 | +608.6% | ✓ BEAT |
Q1 2022 | Feb 16, 2022 | $0.11 | $0.08 | -27.3% | ✗ MISS |
Q4 2021 | Nov 10, 2021 | $0.10 | $0.00 | -99.5% | ✗ MISS |
Q3 2021 | Aug 11, 2021 | $0.05 | $0.04 | -20.0% | ✗ MISS |
Latest News
Jefferies Maintains Buy on AppLovin, Raises Price Target to $860
📈 PositiveBenchmark Maintains Buy on AppLovin, Raises Price Target to $775
📈 PositiveCNBC Halftime Report Final Trades: International Business Machines, Toast, Inc., TopBuild, Applovin
➖ NeutralLive On CNBC, Bill Baruch Announces Bought Applovin
📈 PositiveShares of broader software stocks are trading lower. The tech sector has been under pressure amid AI valuation uncertainty and profit taking.
📉 NegativeTudor Jones Increases Stake In Applovin Corp By 421% To 155,800 Shares
📈 PositiveShares of broader software stocks are trading higher amid a broader market rebound after Senate leaders approved a deal clearing the path to end the US government shutdown.
📈 PositiveWells Fargo Maintains Overweight on AppLovin, Raises Price Target to $721
📈 PositiveGoldman Sachs Maintains Neutral on AppLovin, Raises Price Target to $720
➖ NeutralJP Morgan Maintains Neutral on AppLovin, Raises Price Target to $650
➖ NeutralScotiabank Maintains Sector Outperform on AppLovin, Raises Price Target to $750
📈 PositiveUBS Maintains Buy on AppLovin, Raises Price Target to $840
📈 PositiveBenchmark Maintains Buy on AppLovin, Raises Price Target to $700
📈 PositivePiper Sandler Maintains Overweight on AppLovin, Raises Price Target to $800
📈 PositiveRBC Capital Maintains Outperform on AppLovin, Raises Price Target to $750
📈 PositiveWedbush Maintains Outperform on AppLovin, Raises Price Target to $800
📈 PositiveApplovin shares are trading higher after the company reported better-than-expected Q3 financial results and issued Q4 sales guidance above estimates.
📈 PositiveBTIG Maintains Buy on AppLovin, Raises Price Target to $705
📈 PositiveApplovin Increases Share Repurchase Authorization By Incremental $3.2B
📈 PositiveApplovin shares are trading higher after the company reported better-than-expected Q3 financial results and issued Q4 sales guidance above estimates.
📈 PositiveFrequently Asked Questions about APP
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