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AppLovin Valuation Multiples

Discover revenue and EBITDA valuation multiples for AppLovin and other public comps.

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AppLovin Overview

About AppLovin

AppLovin Corp is a mobile app technology company. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. The company's software solutions provide tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their applications.


Founded

2011

HQ

United States of America
Employees

1.7K+

Website

applovin.com

Financials

LTM Revenue $4.7B

LTM EBITDA $2.7B

EV

$129B

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AppLovin Financials

AppLovin has a last 12-month revenue of $4.7B and a last 12-month EBITDA of $2.7B.

In the most recent fiscal year, AppLovin achieved revenue of $3.3B and an EBITDA of $1.1B.

AppLovin expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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AppLovin P&L

FY 2022 FY 2023 FY 2024 LTM NTM
Revenue $2.8B $3.3B $4.6B $4.7B XXX
Gross Profit $1.8B $1.6B $2.2B XXX XXX
Gross Margin 64% 48% 48% XXX XXX
EBITDA $514M $1.1B $2.6B $2.7B XXX
EBITDA Margin 18% 35% 57% 58% XXX
Net Profit $35.4M -$193M $357M XXX XXX
Net Margin 1% -6% 8% XXX XXX
Net Debt $1.7B $2.1B $2.6B XXX XXX

Financial data powered by Morningstar, Inc.

AppLovin Stock Performance

As of February 7, 2025, AppLovin's stock price is $376.

AppLovin has current market cap of $126B, and EV of $129B.

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AppLovin Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$129B $126B XXX XXX XXX XXX $4.28

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AppLovin Valuation Multiples

As of February 7, 2025, AppLovin has market cap of $126B and EV of $129B.

AppLovin's trades at 27.4x LTM EV/Revenue multiple, and 47.3x LTM EBITDA.

Analysts estimate AppLovin's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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AppLovin Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $129B XXX XXX XXX
EV/Revenue 28.1x XXX XXX XXX
EV/EBITDA 49.0x XXX XXX XXX
P/E 89.2x XXX XXX XXX
P/E/Growth 2.1x XXX XXX XXX
EV/FCF 67.4x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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AppLovin Valuation Multiples

AppLovin's NTM/LTM revenue growth is 23%

AppLovin's revenue per employee for the last fiscal year averaged $1.9M, while opex per employee averaged $0.9M for the same period.

Over next 12 months, AppLovin's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate AppLovin's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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AppLovin Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 40% XXX XXX XXX XXX
EBITDA Margin 57% XXX XXX XXX XXX
EBITDA Growth 130% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 80% XXX XXX XXX XXX
Revenue per Employee $1.9M XXX XXX XXX XXX
Opex per Employee $0.9M XXX XXX XXX XXX
S&M Expenses to Revenue 25% XXX XXX XXX XXX
G&A Expenses to Revenue 5% XXX XXX XXX XXX
R&D Expenses to Revenue 18% XXX XXX XXX XXX
Opex to Revenue 48% XXX XXX XXX XXX

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AppLovin Public Comps

See valuation multiples for AppLovin public comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Azerion Group XXX XXX XXX XXX XXX XXX
Adveritas XXX XXX XXX XXX XXX XXX
Brightcom Group XXX XXX XXX XXX XXX XXX
Affle India XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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AppLovin M&A and Investment Activity

AppLovin acquired  XXX companies to date.

Last acquisition by AppLovin was  XXXXXXXX, XXXXX XXXXX XXXXXX . AppLovin acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by AppLovin

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About AppLovin

When was AppLovin founded? AppLovin was founded in 2011.
Where is AppLovin headquartered? AppLovin is headquartered in United States of America.
How many employees does AppLovin have? As of today, AppLovin has 1.7K+ employees.
Who is the CEO of AppLovin? AppLovin's CEO is Mr. Adam Foroughi.
Is AppLovin publicy listed? Yes, AppLovin is a public company listed on NAS.
What is the stock symbol of AppLovin? AppLovin trades under APP ticker.
When did AppLovin go public? AppLovin went public in 2021.
Who are competitors of AppLovin? Similar companies to AppLovin include e.g. Azerion Group, Adveritas, Brightcom Group, Affle India.
What is the current market cap of AppLovin? AppLovin's current market cap is $126B
What is the current revenue of AppLovin? AppLovin's last 12-month revenue is $4.7B.
What is the current EBITDA of AppLovin? AppLovin's last 12-month EBITDA is $2.7B.
What is the current EV/Revenue multiple of AppLovin? Current revenue multiple of AppLovin is 27.4x.
What is the current EV/EBITDA multiple of AppLovin? Current EBITDA multiple of AppLovin is 47.3x.
What is the current revenue growth of AppLovin? AppLovin revenue growth between 2023 and 2024 was 40%.
Is AppLovin profitable? Yes, AppLovin is EBITDA-positive (as of the last 12 months).

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