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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

356.46 84.71 +31.17%
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/Sales

Alert me on EV/Sales

As of 5 November 2026, AppLovin Corporation (APP) trades at a EV/Sales of 17.6×. Over the past ten years it has ranged from 2.0× (December 2022) to 62.9× (September 2025); the current reading is higher than 69% of that period. That is above the Advertising Agencies industry median of 1.0× and above the Communication Services sector median of 1.4×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 41.9× 20.59%
FY2024 34.7× 600.81%
FY2023 5.0× 127.14%
FY2022 2.2× (80.55%)
FY2022 11.2× 0.12%
FY2021 11.2× 26.46%
FY2021 8.9× 0.00%
FY2020 8.9× 0.00%
FY2020 8.9× 0.00%
FY2019 8.9× 0.00%

Quarterly newest first

Period EV/Sales Change
Jun 2026 25.4× 15.92%
Mar 2026 21.9× (47.61%)
Dec 2025 41.9× (24.16%)
Sep 2025 55.2× 76.63%
23 more quarters

Against its own ten years

Low 2.0× High 62.9×
Ten-year median 9.4×
Current reading's percentile 69

EV/Sales against peers

Company EV/Sales
LFTO Liftoff Mobile, Inc compare n/m
WPP WPP PLC compare 0.1×
ZD Ziff Davis, Inc. compare 0.9×
OMC Omnicom Group Inc. compare 1.2×
STGW Stagwell Inc. compare 1.3×
TTD The Trade Desk compare 1.5×
DV DoubleVerify Holdings, Inc. compare 2.4×
MGNI Magnite, Inc. compare 5.1×
APP AppLovin Corporation 17.6×
Advertising Agencies industry median 1.0×
Communication Services sector median 1.4×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((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)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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