AppLovin Corporation

APP Communication Services Advertising Agencies

AppLovin Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.5 billion, up 70.0% from fiscal 2024.

Revenue
+52.8%
EPS
+55.8%
Free cash flow
+12.5%
Total debt
+0.12%

Quarter to June 2026, against a year earlier

377.31 21.21 +5.96%
Market cap
$90.9B
P/E
27.3×
Fwd P/E
14.6×
Dividend yield
—
F-score
8/9
Altman Z
30.21
Beneish M
−2.41
Dividend safety
n/a

AppLovin Corporation 10-Q filed Nov 5, 2025

Fiscal Q3 2025 · Period ended Sep 30, 2025 · Filed · accepted 5:01 PM ET · Document on sec.gov · Filing index

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Aug 6, 2025: 2 added · 2 removed · 31 modified; 12 with only figures updated

  1. Modified · Overview

    For the three months ended JuneSeptember 30, 2025, our revenue increased 7768% year-over-year to $1.31.4 billion, from $711.0835.2 million in the three months ended JuneSeptember 30, 2024. We generated net income from continuing operations of $771.9835.5 million and $301.0433.1 million for the three months ended JuneSeptember 30, 2025 and 2024, respectively, and net income of $819.5835.5 million and $310.0434.4 million for the three months ended JuneSeptember 30, 2025 and 2024, respectively. We generated Adjusted EBITDA of $1.01.2 billion and $511.2647.0 million for the three months ended JuneSeptember 30, 2025 and 2024, respectively. Additionally, our net cash provided by operating activities was $1.62.7 billion and $847.3 million1.4 billion in the sixnine months ended JuneSeptember 30, 2025 and 2024, respectively. We generated Free Cash Flow of $1.62.6 billion and $833.1 million1.4 billion for the sixnine months ended JuneSeptember 30, 2025 and 2024, respectively. Cash flows and Free Cash Flow include the cash flows from continuing and discontinued operations. Given our strong financial position, we have been able to reinvest in our expansion and growth, and repurchase and withhold shares of our Class A common stock. See the section titled “Non-GAAP Financial Measures” for a definition of Adjusted EBITDA and a reconciliation of Adjusted EBITDA to net income, the most directly comparable financial measure calculated in accordance with GAAP.