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Friday 6 November 2026 Export APP’s income statement to Excel — free account

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

392.85 36.75 +10.32%
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
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

AppLovin Corporation (APP) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, AppLovin Corporation (APP) trades at a EV/EBITDA of 22.2×. Over the past ten years it has ranged from 9.4× (December 2022) to 85.1× (June 2021); the current reading is higher than 40% of that period. That is above the Advertising Agencies industry median of 11.7× and above the Communication Services sector median of 8.8×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 50.6× 6.65%
FY2024 47.4× 267.90%
FY2023 12.9× 7.44%
FY2022 12.0× (77.24%)
FY2022 52.7× 0.12%
FY2021 52.7× (18.21%)
FY2021 64.4× 0.00%
FY2020 64.4× 0.00%
FY2020 64.4× 0.00%
FY2019 64.4× 0.00%

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 32.0× 16.06%
Mar 2026 27.6× (45.46%)
Dec 2025 50.6× (17.32%)
Sep 2025 61.2× 78.35%
23 more quarters

Against its own ten years

Low 9.4× High 85.1×
Ten-year median 28.6×
Current reading's percentile 40

EV/EBITDA against peers

Company EV/EBITDA
LFTO Liftoff Mobile, Inc compare n/m
WPP WPP PLC compare 0.8×
ZD Ziff Davis, Inc. compare 3.1×
TTD The Trade Desk compare 6.4×
DV DoubleVerify Holdings, Inc. compare 11.0×
STGW Stagwell Inc. compare 12.3×
OMC Omnicom Group Inc. compare 13.8×
MGNI Magnite, Inc. compare 19.7×
APP AppLovin Corporation 22.2×
Advertising Agencies industry median 11.7×
Communication Services sector median 8.8×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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