AppLovin Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	5,481	3,224	1,842	2,817	2,793
Revenue Growth (YoY)	69.99%	75.05%	-34.62%	0.86%	92.48%
Cost of Revenue	665.14	520.61	356.61	1,256	988.1
Gross Profit	4,816	2,703	1,485	1,561	1,805
Selling, General & Admin	437.15	417.78	378.96	1,073	1,272
Research & Development	226.51	374.71	333.78	507.61	366.4
Operating Expenses	663.66	792.49	712.74	1,581	1,638
Operating Income	4,152	1,911	772.41	-19.51	166.67
Interest Expense	-207.02	-288.83	-269.17	-171.86	-86.27
Currency Exchange Gain (Loss)	3.95	-1.64	-0.84	0.16	1.54
Other Non Operating Income (Expenses)	38.86	44.04	3.54	14.31	-2.07
EBT Excluding Unusual Items	3,988	1,665	505.94	-176.9	79.87
Merger & Restructuring Charges	-	-	-	-28.28	-16.89
Gain (Loss) on Sale of Investments	-34.8	-24.2	-	-	-
Other Unusual Items	-	-28.38	-4.34	-	-16.67
Pretax Income	3,953	1,612	501.6	-205.18	46.31
Income Tax Expense	519.72	22.42	43.78	-12.23	10.97
Earnings From Continuing Operations	3,433	1,590	457.83	-192.95	35.34
Earnings From Discontinued Operations	-99.44	-9.75	-101.12	-	-
Net Income to Company	3,334	1,580	356.71	-192.95	35.34
Minority Interest in Earnings	-	-	-	0.2	0.11
Net Income	3,334	1,580	356.71	-192.75	35.45
Preferred Dividends & Other Adjustments	0.48	2.73	2.27	-	3.74
Net Income to Common	3,333	1,577	354.44	-192.75	31.7
Net Income Growth	111.03%	342.87%	-	-	-
Shares Outstanding (Basic)	339	337	352	372	325
Shares Outstanding (Diluted)	342	348	363	372	343
Shares Change (YoY)	-1.68%	-4.08%	-2.42%	8.40%	59.47%
EPS (Basic)	9.84	4.68	1.01	-0.52	0.10
EPS (Diluted)	9.75	4.53	0.98	-0.52	0.09
EPS Growth	114.96%	363.79%	-	-	-
Free Cash Flow	4,015	2,099	1,062	412.11	360.46
Free Cash Flow Per Share	11.74	6.04	2.93	1.11	1.05
Gross Margin	87.86%	83.85%	80.64%	55.41%	64.62%
Operating Margin	75.75%	59.27%	41.94%	-0.69%	5.97%
Profit Margin	60.82%	48.91%	19.25%	-6.84%	1.14%
Free Cash Flow Margin	73.27%	65.11%	57.64%	14.63%	12.90%
EBITDA	4,275	2,033	890.15	524.42	597.74
EBITDA Margin	78.00%	63.06%	48.33%	18.62%	21.40%
D&A For EBITDA	123.1	122.15	117.74	543.94	431.06
EBIT	4,152	1,911	772.41	-19.51	166.67
EBIT Margin	75.75%	59.27%	41.94%	-0.69%	5.97%
Effective Tax Rate	13.15%	1.39%	8.73%	-	23.69%
Advertising Expenses	-	-	-	665.9	983.7

Source: S&P Global Market Intelligence. Standard template. Financial Sources.