AppLovin Corporation
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 2.79B | 2.82B | 1.84B | 3.22B | 5.48B | 70.0% | |
| Cost of Revenue | (988.10M) | (1.26B) | (356.61M) | (520.61M) | (665.14M) | 27.8% | |
Gross Profit | 1.81B | 1.56B | 1.49B | 2.70B | 4.82B | 78.1% | |
| Operating Expenses | |||||||
| Research & Development | (366.40M) | (507.61M) | (333.78M) | (374.71M) | (226.51M) | -39.6% | |
| Selling, General & Administrative | (1.29B) | (1.10B) | (378.96M) | (417.78M) | (437.15M) | 4.6% | |
| General & Administrative | (158.70M) | (181.63M) | (150.93M) | (164.92M) | (233.50M) | 41.6% | |
| Selling & Marketing | (1.13B) | (919.55M) | (228.03M) | (252.86M) | (203.65M) | -19.5% | |
| Depreciation & Amortization | (431.06M) | (547.08M) | (489.01M) | (448.68M) | (194.78M) | -56.6% | |
Operating Income (EBIT) | 150.02M | -47.79M | 772.41M | 1.91B | 4.15B | 117.3% | |
| Non-Operating Items | |||||||
| Interest Income | — | — | — | — | — | — | |
| Interest Expense | (103.17M) | (171.86M) | (273.51M) | (317.21M) | (207.02M) | -34.7% | |
| Other Income/Expenses (Net) | -103.70M | -157.39M | -270.81M | -299.01M | -199.00M | -33.4% | |
Income Before Tax | 46.31M | -205.18M | 501.60M | 1.61B | 3.95B | 145.2% | |
| Income Tax Expense | (10.97M) | (12.23M) | (43.78M) | (22.42M) | (519.72M) | 2218.2% | |
Net Income | 35.45M | -192.75M | 357.21M | 1.58B | 3.33B | 111.0% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $0 | $-1 | $1 | $5 | $10 | 110.3% | |
| Weighted Avg Shares Outstanding | 324.84M | 371.57M | 351.95M | 336.92M | 338.78M | 0.6% | |
| Weighted Avg Shares Outstanding (Diluted) | 342.76M | 371.57M | 362.59M | 347.81M | 341.97M | -1.7% | |
EBITDA | 580.54M | 513.77M | 1.26B | 2.38B | 4.35B | 83.1% |
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Large Cap