선택적 제품 분석
허용하는 경우 개인정보 보호를 고려한 제한적 분석을 사용해 어떤 리서치 여정이 효과적인지 파악합니다. 광고 추적기나 세션 녹화는 사용하지 않습니다. 환경설정에서 이 선택을 변경할 수 있습니다. 자세한 내용은 개인정보 처리방침.
AppLovin Corporation's published Hold conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $89.1B |
|---|
| Revenue (ttm) | 6.8B |
|---|
| Net income (ttm) | 4.4B |
|---|
| EPS (ttm) | $13.0 |
|---|
| Shares out | 334.7M |
|---|
| P/E (trailing) | 20.0x |
|---|
| P/E (forward) | 15.4x |
|---|
| Volume | 1,847,071 |
|---|
| Beta | 2.56 |
|---|
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $2.79B | $2.82B | $1.84B | $3.22B | $5.48B | +18.4% |
| Gross profit | $1.81B | $1.56B | $1.49B | $2.70B | $4.82B | +27.8% |
| Operating income | $150.0M | $-47.8M | $772.4M | $1.91B | $4.15B | +129.4% |
| Net income | $35.4M | $-192.7M | $356.7M | $1.58B | $3.33B | +211.4% |
| EPS (diluted) | $0.09 | $-0.52 | $0.98 | $4.53 | $9.75 | +222.6% |
| EBITDA | $580.5M | $513.8M | $1.26B | $2.38B | $4.35B | +65.5% |
| R&D | $366.4M | $507.6M | $333.8M | $374.7M | $226.5M | -11.3% |
| SG&A | $158.7M | $181.6M | $150.9M | $164.9M | $233.5M | +10.1% |
Recent company headlines from major financial publishers.
In the base case, AppLovin compounds earnings steadily through core mobile game monetization improvements and deliberate mid-market advertiser adoption via its ads manager. Operating margins normalize gradually toward sustainable software benchmarks as cloud compute costs track in line with revenue expansion. This path corresponds to a target of $270.62 with an assessed probability of 60.0%, delivering an implied return of 1.7% relative to $266.13 as of $266.13 (as of 2026-10-16), closely aligning with Fair value. Disconfirmation would occur if quarterly revenue growth decelerates markedly below guidance or if mobile game developer budgets contract sharply.
In the bull case, Axon recommendation engine drives rapid advertiser adoption across e-commerce and mid-market web brands, sustaining robust double-digit top-line expansion. High-margin incremental volume and disciplined cloud compute costs expand operating margins, while ongoing share repurchases amplify diluted earnings per share growth. This trajectory supports a target of $345.02 with an estimated likelihood of 20.0%, representing an implied return of 29.6% from $266.13 as of $266.13 (as of 2026-10-16). Disconfirmation would appear if web merchant onboarding stalls or if incremental cloud infrastructure costs rise faster than ad spend.
| Ke ↓ / g → | 2.5% | 3.0% | 3.5% | 4.0% | 4.5% |
|---|---|---|---|---|---|
| 12.2% | $279 | $284 | $289 | $295 | $302 |
| 12.7% | $271 | $275 | $280 | $285 | $290 |
| 13.2% | $263 | $267 | $271 | $275 | $280 |
| 13.7% | $256 | $259 | $262 | $266 | $271 |
| 14.2% | $249 | $252 | $255 | $258 | $262 |
Upcoming earnings date and setup when available.
매월 발행된 리서치 판이 부여한 등급입니다. 등급은 분석 시점의 가격을 공정 가치와 비교한 것이며, 판단이 맞았는지에 대한 기록이 아닙니다.
| 연도 | 1월 | 2월 | 3월 | 4월 | 5월 | 6월 | 7월 | 8월 | 9월 | 10월 | 11월 | 12월 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
