To the full analysis
AppLovin stock: growth
APPAppLovin reported $5.48B in revenue for fiscal 2025, up 70% on the prior year, up 46.4% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
41.5%
per year from 2018 to 2025, per share 30.2%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
61.5%
per year from 2018 to 2025, per share 48.6%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2018 | |
|---|---|---|
| Revenue | 30.4% | 41.5% |
| Revenue per share | 19.1% | 30.2% |
| Earnings | no data | no data |
| Earnings per share | no data | no data |
| Free cash flow | 78.2% | 61.5% |
| Free cash flow per share | 62.7% | 48.6% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2018 | $483.36M | −$260M | $137.63M |
| 2019 | $994.1M | $119.04M | $195.1M |
| 2020 | $1.45B | −$125.19M | $219.64M |
| 2021 | $2.79B | $35.45M | $360.46M |
| 2022 | $2.82B | −$192.75M | $412.11M |
| 2023 | $1.84B | $357.21M | $1.06B |
| 2024 | $3.22B | $1.58B | $2.09B |
| 2025 | $5.48B | $3.33B | $3.94B |
Revenue by region
Where AppLovin Corporation generates its revenue.
- United States$2.8B52%
- Outside the US$2.7B48%
The company split earlier years differently. A history would not be comparable, so only 2025 is shown.
Figures as a table
| 2025 | Share 2025 | |
|---|---|---|
| United States | $2.83B | 51.6% |
| Outside the US | $2.65B | 48.4% |
| Total revenue | $5.48B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong since 12 Nov 2026, previously Neutral
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.