Applovin Corp - Ordinary Shares - Class A

Applovin Corp - Ordinary Shares - Class A

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Market Cap$166.88B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Applovin Corp - Ordinary Shares - Class AApplovin Corp - Ordinary Shares - Class A42.3-163%30.61.5

Earnings Call Q1 2026

May 6, 2026 - AI Summary

Q1 performance was a beat with strong growth + expanding profitability - Revenue $1.84B (+59% YoY, +11% QoQ), driven by gaming tech advancements and a rapidly expanding consumer vertical. - Adjusted EBITDA $1.56B (+66% YoY) with 85% margin, expanding about 400 bps YoY. - Strong cash generation: Free cash flow $1.29B (timing-driven higher), with management expecting ~75% FCF conversion of EBITDA over 2026 (conversion naturally lower in Q2/Q3 due to cash tax weighting). - Balance sheet/cash: $2.76B cash & equivalents.
Capital returns continued (and buybacks were meaningful) - Repurchased/withheld 2.23M shares for ~$1B in Q1. - Shares outstanding ended ~336M; remaining authorization ~$2.3B. - Stated priorities for remainder of year: fund organic investment + return capital through buybacks (no mention of dividends).
Forward outlook: Q2 expectations show continued high growth but slightly lower sequential momentum - Revenue forecast $1.915B–$1.945B (+52% to +55% YoY, +4% to +6% QoQ). - Adjusted EBITDA forecast $1.615B–$1.645B, margin ~84%–85% (still very high, but slightly down vs Q1’s new high). - Implied: profitability remains strong even as revenue growth stays very large.

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$642.00

Target Price by Analysts

23.3% upsideApplovin Target Price DetailsTarget Price
$133.88

Current Fair Value

74.3% downside

Overvalued by 74.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$166.88 Billion
Enterprise Value$167.64 Billion
Dividend Yield$- (-)
Earnings per Share$9.84
Beta2.46
Outstanding Shares337,399,000

Return

Return on Equity163.17%ROE
Return on Assets50.03%
Return on Invested Capital78.51%

Valuation & Multiples

P/E Ratio42.29P/E Ratio
PEG38.75PEG
Price to Sales30.64Price to Sales
Price to Book Ratio74.41Price to Book Ratio
Enterprise Value to Revenue28.71
Enterprise Value to EBIT34.37
Enterprise Value to Net Income43
Total Debt to Enterprise0.02
Debt to Equity1.49Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 6, 2026
EPS Estimate
$3.44
Average shareholder expectation
Revenue Estimate
$1.77 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 5, 2026
EPS Estimate
$3.75
Average shareholder expectation
Revenue Estimate
$1.94 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.8828 2.84%
Total Calls11,921,409 2.63%
Total Puts10,524,293 0.57%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %62.79% 6.98%
Total Invested$84.93B 46.60%
Investors Holding1,466 217.00%

ESG Score

No data

About Applovin Corp

902 employees
CEO: Adam Foroughi

AppLovin’s global technology platform provides developers a powerful, integrated set of solutions to grow their businesses. AppLovin enables developers to market, monetize, analyze and publish their apps. Its studios create popular, imme...

Relevant Senate Committees

Joint Committee on Taxation

This committee works directly with tax-writing committees to develop and analyze tax legislation, influencing 'corporate tax structures' and the 'overall tax burden,' directly impacting AppLovin's financial results and valuation.

Finance

This committee directly controls taxation and trade policy, which fundamentally impacts corporate profitability, investment, and global operations for AppLovin. Changes in corporate tax rates or international tax treaties can have a direct and material effect on its financial performance and valuation.

Judiciary

This committee oversees antitrust laws and intellectual property. Antitrust actions against major tech platforms (with whom AppLovin interacts) or AppLovin itself could materially impact its business model. Intellectual property laws are critical for software publishers.

Commerce, Science, and Transportation

This committee has vast jurisdiction over interstate commerce, the FTC (regulating advertising and data privacy), and impacts 'Big Tech' through privacy and telecommunications policy, directly affecting AppLovin's core business model, data handling, and operational environment.