AppLovin Corporation APP
- Market cap
- $105.3B
- P/E
- 23.8×
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AppLovin Corporation (APP) EV/EBITDA
As of 25 September 2026, AppLovin Corporation (APP) trades at a EV/EBITDA of 19.4×. Over the past ten years it has ranged from 9.4× (December 2022) to 85.1× (June 2021); the current reading is higher than 28% of that period. That is above the Advertising Agencies industry median of 11.8× and above the Communication Services sector median of 8.5×.
EV/EBITDA, daily
Annual
| 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
| 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 | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| WPP WPP PLC compare | 0.8× |
| ZD Ziff Davis, Inc. compare | 3.3× |
| TTD The Trade Desk compare | 6.5× |
| STGW Stagwell Inc. compare | 10.7× |
| DV DoubleVerify Holdings, Inc. compare | 11.8× |
| CCO Clear Channel Outdoor Holdings, Inc. compare | 12.3× |
| OMC Omnicom Group Inc. compare | 17.3× |
| APP AppLovin Corporation | 19.4× |
| MGNI Magnite, Inc. compare | 19.8× |
| Advertising Agencies industry median | 11.8× |
| Communication Services sector median | 8.5× |
| Market median | 11.0× |
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)
More on APP
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement