Market Cap: 156.1984B; Large Cap
P/E Ratio: 40.5; Fwd: 29.5
EPS (TTM): $11.48
Div. Yield: N/A

AP

APPNASDAQ— Applovin Corp Price & Analysis

Applovin Corp

COMMUNICATION SERVICES — ADVERTISING AGENCIES

$477.08

+$31.15+6.99%

Market Cap: 156.1984B; Large Cap
P/E Ratio: 40.5; Fwd: 29.5
EPS (TTM): $11.48
Div. Yield: N/A

Technical Summary

RSI (14)45.22Neutral

SMA (50)$496.68Bearish

SMA (200)$540.95Bearish

MACD-12.8144Bearish

Bollinger$414.16 – $624.02Mid

Stochastic21.75Neutral

Theo Outlook

AppLovin (APP) presents a bullish thesis with a $156.2B market cap, trailing P/E of 40.5, EPS of $11.48, and robust 59% quarterly revenue growth alongside 113% earnings growth year-over-year. The forward P/E of 29.5 suggests potential compression as profitability scales, positioning the stock for continued upside in the mobile advertising space. Key catalysts include strong earnings momentum from its AI-driven marketing platform, expansion in global app monetization, and analyst support with 7 strong buy and 21 buy ratings targeting $650. Recent quarterly results through March 2026 highlight operating margins of 78.1% and return on equity of 266.4%, underscoring operational leverage. Risks center on elevated valuation (P/E 40.5 vs. sector norms), intense competition in ad tech, and potential regulatory headwinds around data privacy. Mitigations include diversified revenue streams, high institutional ownership at 75%, and proven earnings beats that could sustain momentum despite macro pressures. Analysis generated by HeyTheo AI based on SEC filings, earnings transcripts, and market data.

Theo Outlook

AppLovin (APP) presents a bullish thesis with a $156.2B market cap, trailing P/E of 40.5, EPS of $11.48, and robust 59% quarterly revenue growth alongside 113% earnings growth year-over-year. The forward P/E of 29.5 suggests potential compression as profitability scales, positioning the stock for continued upside in the mobile advertising space. Key catalysts include strong earnings momentum from its AI-driven marketing platform, expansion in global app monetization, and analyst support with 7 strong buy and 21 buy ratings targeting $650. Recent quarterly results through March 2026 highlight operating margins of 78.1% and return on equity of 266.4%, underscoring operational leverage. Risks center on elevated valuation (P/E 40.5 vs. sector norms), intense competition in ad tech, and potential regulatory headwinds around data privacy. Mitigations include diversified revenue streams, high institutional ownership at 75%, and proven earnings beats that could sustain momentum despite macro pressures. Analysis generated by HeyTheo AI based on SEC filings, earnings transcripts, and market data.

Company Overview

AppLovin Corporation is committed to creating a software-based platform for mobile application developers to improve the marketing and monetization of their applications globally. The company is headquartered in Palo Alto, California.

Fundamental Snapshot

Revenue: 6.1642B
EBITDA: 4.8721B
Gross Profit: 5.4471B
Operating Margin: 78.1%
Profit Margin: 64.3%
ROE: 266.4%
Book Value: $7.03
Beta: 2.455
52-Wk High: $745.61
52-Wk Low: $325.58
Avg Volume: 3.406M
PEG Ratio: 1.278

Frequently Asked Questions

What is AppLovin's business model?

AppLovin operates a software platform that helps mobile app developers improve marketing and monetization globally. It generates revenue primarily through advertising services in the communication services sector, with TTM revenue of $6.16B and gross profit of $5.45B.

What are AppLovin's main revenue sources?

Revenue comes from its core advertising and monetization platform for apps. Key metrics include $6.16B TTM revenue, 59% quarterly revenue growth, and 78.1% operating margin, reflecting heavy reliance on performance-based ad tech.

What competitive advantages does AppLovin have?

Trading Data

Open: $446.29
Previous Close: $445.93
Day Range: $440.4 – $483.32
Volume: 3.4208M
Shares Outstanding: 305.732M
Analyst Target: $650.3

Related Assets

Warner Bros Discovery Inc

Get Deeper Analysis

Ask Theo anything about APP — earnings, valuation, technicals, or portfolio fit.

Try HeyTheo Free

Company Overview

AppLovin Corporation is committed to creating a software-based platform for mobile application developers to improve the marketing and monetization of their applications globally. The company is headquartered in Palo Alto, California.

Fundamental Snapshot

Revenue: 6.1642B
EBITDA: 4.8721B
Gross Profit: 5.4471B
Operating Margin: 78.1%
Profit Margin: 64.3%
ROE: 266.4%
Book Value: $7.03
Beta: 2.455
52-Wk High: $745.61
52-Wk Low: $325.58
Avg Volume: 3.406M
PEG Ratio: 1.278

Frequently Asked Questions

What is AppLovin's business model?

AppLovin operates a software platform that helps mobile app developers improve marketing and monetization globally. It generates revenue primarily through advertising services in the communication services sector, with TTM revenue of $6.16B and gross profit of $5.45B.

What are AppLovin's main revenue sources?

Revenue comes from its core advertising and monetization platform for apps. Key metrics include $6.16B TTM revenue, 59% quarterly revenue growth, and 78.1% operating margin, reflecting heavy reliance on performance-based ad tech.

What competitive advantages does AppLovin have?

AppLovin benefits from AI-driven tools, high scalability, and strong profitability with 266.4% ROE and $11.48 EPS. Its 75% institutional ownership and 40.5 trailing P/E reflect market recognition of its edge in mobile app marketing over peers.

What are the key risks for AppLovin stock?

Risks include high valuation at 40.5 P/E, competition in ad tech, and regulatory scrutiny on data privacy. No dividend is paid, and the stock trades with a beta of 2.455, amplifying volatility amid macro headwinds.

What is AppLovin's growth outlook?

Outlook is positive with 113% quarterly earnings growth, forward P/E of 29.5, and analyst target of $650.30. Latest quarter ended March 2026 shows continued momentum, supported by 7 strong buy ratings and expansion in global markets.