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Stocks/Communication Services/Advertising

AppLovinAPP

Advertising · Palo Alto, California · In the S&P 500
High quality
$228.50−10.36%After hours: $228.75 (+0.11%)At the close, 30 Oct · Prices from CNBC, may be delayed
▼ 63.8% over 1 year
AppLovin over 1 yearDaily close, $, to 30 Oct 2026
$400$600Nov2026MarMayJulSep$228.50$400$600NovMarJul$228.50
Source: Nasdaq daily closes
Market value$76.47B
Price to earnings17.6x
Forward P/E12.8x
Dividend yield–
Year to date−66.1%
One year−63.8%
Next earningsWed 4 Nov, after the close
SectorCommunication Services
52-week range (closes)
$228.50$733.60

Quality and valuation

How AppLovin compares with other communication services stocks. A description, not a recommendation.

AppLovin and 7 advertising peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: stronger than mostValuation: in line with its sector

A stronger business than most communication services companies, priced about in line with them.

AppLovin trades at 12.8 times the next 12 months of expected earnings, against a median of 14.8x for the 28 communication services stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +60.6% vs +10.8%
  • Keeps more of each sale (gross margin): 88.5% vs 60.9%
  • More profitable (operating margin): 77.4% vs 18.6%
APP trades at 12.8x forward earnings, below the sector medianForward p/e, Advertising peers
T8.8xVZ8.8xTMUS12.4xAPP12.8xDIS14.7xNFLX18.3xMETA21.0xGOOGL21.2xSector median 14.8xT8.8xVZ8.8xTMUS12.4xAPP12.8xDIS14.7xNFLX18.3xMETA21.0xGOOGL21.2xSector median 14.8x
Source: CNBC quotes; Mostly Markets
At 17.6x earnings, APP is cheaper than its average since Aug 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
50x100x150xAverage 61.6x2025202617.6x50x100x150xAverage 61.6x2025202617.6x
Source: Nasdaq prices; SEC filings

Financials

From AppLovin's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue grew 52.8% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0.0bn$0.5bn$1.0bn$1.5bnQ3 ’24Q1 ’25Q3 ’25$1.9bnQ2 ’26$0bn$1bnQ3 ’24Q1 ’25Q3 ’25$1.9bnQ2 ’26
Source: SEC filings
Growth slowed to +52.8% last quarterRevenue growth, year on year, %
0%20%40%60%Q4 ’24Q1 ’25Q2 ’25Q3 ’25Q4 ’25Q1 ’2652.8%Q2 ’260%50%Q4 ’24Q2 ’25Q4 ’2552.8%Q2 ’26
Source: SEC filings
Operating margin was 77.7% last quarterOperating income as a share of revenue, %
0%20%40%60%Q3 ’24Q1 ’25Q3 ’2577.7%Q2 ’260%50%Q3 ’24Q1 ’25Q3 ’2577.7%Q2 ’26
Source: SEC filings
Diluted EPS was $3.76 last quarterQuarterly diluted earnings per share, $
$0$1$2$3Q3 ’24Q1 ’25Q3 ’25$3.76Q2 ’26$0$2Q3 ’24Q1 ’25Q3 ’25$3.76Q2 ’26
Source: SEC filings
Last 12 monthsAPPSector median
Revenue growth+60.6%+10.8%
Gross margin88.5%60.9%
Operating margin77.4%18.6%
Price to earnings17.6x17.9x

Stories on AppLovin

Thursday, 22 October
Chart

Three of the S&P 500's Five Best Stocks This Year Make AI Hardware

Sandisk, Dell and Micron are up 200% to 431% in 2026, behind only Moderna, while AppLovin has lost 60.8%, the worst in the index.

SNDK▼ 8.5%
Screens of market charts

Similar companies

Advertising, by market value.

CompanyPriceTodayYTDValue
GOOGLAlphabet$279.84−1.40%−10.6%$3.37T
METAMeta$614.99−1.53%−6.8%$1.60T
NFLXNetflix$62.08+0.05%−33.8%$255B
DISWalt Disney$110.94+0.03%−2.5%$192B
VZVerizon$44.73+2.45%+9.8%$185B
TMUST-Mobile US$156.44+6.21%−23.0%$166B
TAT&T$21.41+2.34%−13.8%$144B
SPOTSpotify$593.44+6.50%+2.2%$122B