AppLovin Corporation (APP)

AppLovin Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	6,307	4,709	3,283	2,817	2,793	1,451
Revenue Growth (YoY)	98.48%	43.44%	16.54%	0.86%	92.48%	45.97%
Cost of Revenue	1,281	1,167	1,059	1,256	988.1	555.58
Gross Profit	5,026	3,542	2,224	1,561	1,805	895.51
Selling, General & Admin	1,044	1,029	982.26	1,073	1,272	685.94
Research & Development	514.13	638.69	592.39	507.61	366.4	180.65
Operating Expenses	1,558	1,668	1,575	1,581	1,638	866.59
Operating Income	3,468	1,874	649.25	-19.51	166.67	28.92
Interest Expense	-250.71	-318.26	-275.67	-171.86	-86.27	-77.87
Currency Exchange Gain (Loss)	0.74	-0.29	1.22	0.16	1.54	-1.21
Other Non Operating Income (Expenses)	51.88	49.47	42.84	14.31	-2.07	5.42
EBT Excluding Unusual Items	3,270	1,605	417.65	-176.9	79.87	-44.74
Merger & Restructuring Charges	-0.89	-0.89	-1.05	-28.28	-16.89	-7.85
Gain (Loss) on Sale of Investments	-42.7	-	-20.7	-	-	-
Other Unusual Items	-28.38	-28.38	-15.34	-	-16.67	-83.11
Pretax Income	3,198	1,576	380.57	-205.18	46.31	-135.71
Income Tax Expense	281.04	-3.77	23.86	-12.23	10.97	-9.77
Earnings From Continuing Operations	2,917	1,580	356.71	-192.95	35.34	-125.93
Minority Interest in Earnings	-	-	-	0.2	0.11	0.75
Net Income	2,831	1,580	356.71	-192.75	35.45	-125.19
Preferred Dividends & Other Adjustments	0.96	2.72	1.77	-	3.74	-
Net Income to Common	2,830	1,577	354.94	-192.75	31.7	-125.19
Net Income Growth	145.55%	342.87%	-	-	-	-
Shares Outstanding (Basic)	339	337	352	372	325	215
Shares Outstanding (Diluted)	344	348	363	372	343	215
Shares Change (YoY)	-1.15%	-4.08%	-2.42%	8.40%	59.47%	1.21%
EPS (Basic)	8.35	4.68	1.01	-0.52	0.10	-0.58
EPS (Diluted)	7.98	4.53	0.98	-0.52	0.09	-0.58
EPS Growth	144.05%	363.16%	-	-	-	-
Free Cash Flow	3,398	2,094	1,057	412.11	360.46	219.64
Free Cash Flow Per Share	9.89	6.02	2.92	1.11	1.05	1.02
Gross Margin	79.69%	75.22%	67.74%	55.41%	64.62%	61.71%
Operating Margin	54.99%	39.80%	19.78%	-0.69%	5.97%	1.99%
Profit Margin	44.86%	33.49%	10.81%	-6.84%	1.14%	-8.63%
Free Cash Flow Margin	53.87%	44.47%	32.20%	14.63%	12.90%	15.14%
EBITDA	3,914	2,316	1,126	524.42	597.74	283.87
EBITDA Margin	62.05%	49.19%	34.29%	18.62%	21.40%	19.56%
D&A For EBITDA	445.49	442.03	476.55	543.94	431.06	254.95
EBIT	3,468	1,874	649.25	-19.51	166.67	28.92
EBIT Margin	54.99%	39.80%	19.78%	-0.69%	5.97%	1.99%
Effective Tax Rate	8.79%	-	6.27%	-	23.69%	-
Advertising Expenses	-	521.5	539.4	665.9	983.7	550.9

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q