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Earnings transcript
Read the complete earnings call transcript.
APP
AppLovin Corporation
$386.37
-1.47
(-0.38%)
Delayed data
| Exchange: | NASDAQ |
| Market Cap: | 130.576B |
| Shares Outstanding: | 189.534M |
About The Company
| Sector: | Technology | |||||
| Industry: | Software – Application | |||||
| CEO: | Adam Arash Foroughi | |||||
| Full Time Employees: | 876 | |||||
| Address: |
| |||||
| Website: | https://www.applovin.com |
AppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps in the United States and internationally. The company’s software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; Adjust, an analytics platform that helps marketers grow their mobile apps with solutions for measuring, optimizing campaigns, and protecting user data; and MAX, an in-app bidding software that optimizes the value of an app’s advertising inventory by running a real-time competitive auction. Its business clients include various advertisers, publishers, internet platforms, and others. The company was incorporated in 2011 and is headquartered in Palo Alto, California.
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Revenue Segmentation
EPS
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Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 3,283,087 | 4,709,248 | 5,480,717 |
| Gross Profit | 2,223,896 | 3,542,442 | 4,815,577 |
| EBITDA | 1,145,243 | 2,342,945 | 4,354,704 |
| Operating Income | 648,207 | 1,873,459 | 4,151,914 |
| Net Income | 356,711 | 1,579,776 | 3,333,751 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 5,359,187 | 5,869,259 | 7,259,610 |
| Total Liabilities | 4,102,858 | 4,779,441 | 5,124,939 |
| Total Stockholders Equity | 1,256,329 | 1,089,818 | 2,134,670.999 |
| Total Debt | 3,177,416 | 3,556,405 | 3,544,741 |
| Cash and Cash Equivalents | 502,152 | 741,411 | 2,487,096 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,061,510 | 2,099,011 | 3,971,094 |
| Capital Expenditure | -4,246 | -4,776 | 0 |
| Free Cash Flow | 1,057,264 | 2,094,235 | 3,971,094 |
| Net Income | 356,711 | 1,579,776 | 3,333,751 |
| Net Change in Cash | -578,332 | 239,259 | 1,790,066 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 12,613,077.681 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 14,696,075.537 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 13,573,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 5,123,756.171 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 5,969,923.410 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 5,513,701.277 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 3,658,529.229 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 4,262,720.270 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 3,936,962.768 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 0 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 15 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 14 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Growth: AppLovin reported a 44% year-over-year revenue increase in Q4 2024, as highlighted in the earnings call transcript. This performance underscores the company’s ability to scale effectively within the competitive mobile app and gaming ecosystem.
- Strong Financial Position: Key metrics from the income statement and balance sheet data indicate consistent growth in net income and positive free cash flow trends, supported by healthy gross and net profit margins (per grossProfitMarginTTM and netProfitMarginTTM). This financial stability provides a solid foundation for future investments.
- Market Leadership in Industry: Positioned within a high-growth industry (per industryName and sectorName data), AppLovin benefits from favorable sector performance trends (industry_perf1y and sector_perf1y), enhancing its competitive standing and investor appeal.
- Innovative Technology Platform: The earnings call transcript emphasizes successful advancements in AI-driven advertising solutions, which have contributed to exceeding revenue expectations and position the company as a technological innovator in its sector.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates APP intrinsic value between $88.60 – $2,234.19 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about APP valuation
Is AppLovin Corporation (APP) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for AppLovin Corporation (APP) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is APP a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether APP trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is APP’s P/E ratio?
You can see APP’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for APP?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is APP a good long-term investment?
Whether APP fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
APP
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Daily snapshot
-0.38
Trading Metrics:
| Open: | 376.74 | Previous Close: | 387.84 | |
| Day Low: | 366.76 | Day High: | 393.91 | |
| Year Low: | 200.5 | Year High: | 745.61 | |
| Price Avg 50: | 445.47 | Price Avg 200: | 515.91 | |
| Volume: | 3.195M | Average Volume: | 5.228M |
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Login — it's freeAPP full analysis
Hey everyone, welcome back to the channel! Today, we’re diving deep into a comprehensive analysis of AppLovin Corporation, ticker APP, a major player in the mobile advertising and app monetization space. If you’re looking to understand whether this stock is a buy, hold, or sell, stick around because we’re breaking down everything from financials to recent performance and even a SWOT analysis. Let’s get started! Alright, before we jump into the numbers, let’s set the stage. AppLovin has been making…
