AppLovin Corporation APP

310.75 (1.72) (0.55%) as of 25 Sep
Market cap
$105.3B
P/E
23.8×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

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

Against its own ten years

Low 9.4× High 85.1×
Ten-year median 29.2×
Current reading's percentile 28

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)

The full definition of EV/EBITDA →

More on APP