Inside the research
AppLovin Corporation
APP Research profile · latest available data
Price overview
$310.75
▼ -1.72 (-0.6%)
| 52w hi | $733.60 |
|---|---|
| 52w lo | $298.59 |
| Vol | 3.02M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.17
| Short | -0.47 |
|---|---|
| Medium | -0.15 |
| Long | +0.37 |
computed 2026-09-27
Key fundamentals
AppLovin Corporation
Communication Services · Advertising Agencies
| Market cap | $104.39B |
|---|---|
| Enterprise value | $104.45B |
| Trailing P/E | 23.87x |
| Forward P/E | 14.81x |
| EV / EBITDA | 19.29x |
| P / S (ttm) | 15.23x |
| Profit margin | 64.6% |
| Return on equity | 203.7% |
| Revenue growth | +52.8% |
| Earnings growth | +57.0% |
| Debt / equity | 111.13 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.40 | |
| Sector | +0.03 | |
| Technical | -0.33 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
AppLovin Corporation provides end-to-end artificial intelligence-powered advertising solutions for businesses in the United States and internationally. It operates through two segments, Advertising and Apps. The company offers Axon Ads Manager, a suite of marketing solutions that enables developers to automate, optimize, and manage marketing efforts; MAX, an in-app bidding technology that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform; and Wurl, a connected TV platform, which distributes streaming video for content companies, provides advertising and publishing solutions. It serves individuals, small and independent businesses, enterprises, advertisers and advertising networks, mobile app publishers, and indie studio developers. The company was incorporated in 2011 and is headquartered in Palo Alto, California.
Risk Metrics
| Beta vs SPX | 2.28 |
|---|---|
| Corr SPX | 0.44 |
| Annual vol | 83.5% |
| Annual ret | +79.3% |
| Sharpe | 0.95 |
| Max DD | -59.3% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $645.32 |
|---|---|
| High / Low | $860.00 / $340.00 |
| Median | $662.50 |
| Analysts | 28 |
| Strong Buy | 6 | |
|---|---|---|
| Buy | 20 | |
| Hold | 4 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-07 | Wells Fargo | → Overweight |
| 2026-05-07 | Wedbush | → Outperform |
| 2026-05-07 | UBS | → Buy |
| 2026-05-07 | Piper Sandler | → Overweight |
| 2026-05-07 | Needham | → Buy |
| 2026-05-07 | Macquarie | → Outperform |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-05 | Earnings Release, Exhibits | read |
| 2026-06-05 | Shareholder Vote | read |
| 2026-05-06 | Earnings Release, Exhibits | read |
| 2026-04-07 | Officer / Director Change, Reg FD Disclosure… | read |
| 2026-02-11 | Earnings Release, Exhibits | read |
| 2025-11-05 | Earnings Release, Exhibits | read |
| 2025-08-06 | Earnings Release, Exhibits | read |
| 2025-07-01 | Material Agreement, Other Material Event… | read |
| 2025-06-09 | Shareholder Vote | read |
| 2025-05-07 | Material Agreement, Earnings Release… | read |
| 2025-04-09 | Officer / Director Change | read |
| 2025-04-03 | Other Material Event | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-13 | Chen Herald Y | Director | C | 143.79K | — |
| 2026-08-13 | Chen Herald Y | Director | Gift | 100.00K | — |
| 2026-08-07 | Vivas Eduardo | Director | Gift | 213.68K | — |
| 2026-07-15 | WEBB MAYNARD G JR | Director | Grant | 41 | — |
| 2026-07-15 | Messing Barbara | Director | Grant | 40 | — |
| 2026-07-06 | WEBB MAYNARD G JR | Director | Sell | 380 | $196.18K |
| 2026-07-06 | WEBB MAYNARD G JR | Director | Sell | 202 | $104.47K |
| 2026-07-06 | WEBB MAYNARD G JR | Director | Sell | 182 | $94.39K |
| 2026-07-06 | WEBB MAYNARD G JR | Director | Sell | 240 | $124.69K |
| 2026-07-06 | WEBB MAYNARD G JR | Director | Sell | 138 | $71.84K |
Flow & Concentration
| Insider 180d net | -$142.12M |
|---|---|
| Insider buys / sells | 0 / 123 |
| Insider bias | Sellers |
| 13F holders | 8 |
| Top-5 share | 99.2% |
| HHI | 3,620 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Fidelity / FMR LLC | $8.91B | 17.29M |
| State Street Corp | $6.24B | 12.10M |
| Citadel Advisors | $2.07B | 4.01M |
| Capital Research / Capital World | $907.83M | 1.76M |
| Millennium Management | $199.53M | 387.27K |
| Bridgewater Associates | $75.53M | 146.60K |
| AQR Capital Management | $64.41M | 127.79K |
| T. Rowe Price Group | $2.46M | 4.77M |
As of 2026-06-30
SEC Filings
The Long Run
FY 2021–2025 · 5 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $1.84B | +6.1% | |
| Operating income | $4.15B | +177.5% | |
| Net income | $356.71M | +115.9% | |
| Cash from ops | $3.97B | +105.5% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $312.50 | $316.01 | $308.33 | $310.75 | 3.02M |
| Sep 24 | $315.50 | $320.45 | $308.24 | $312.47 | 3.97M |
| Sep 23 | $315.90 | $316.50 | $304.77 | $315.25 | 6.80M |
| Sep 22 | $333.00 | $333.61 | $323.68 | $328.73 | 3.43M |
| Sep 21 | $309.69 | $336.94 | $306.80 | $330.17 | 5.99M |
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