AppLovin Corporation (APP) Revenue History
Annual and quarterly revenue from 2018 to present
APP Revenue Over Time (2018–2025)
APP Revenue Growth History
7 of 7 years with positive growth- FY2018 revenue growth
- N/A
- FY2019 revenue growth
- +105.7%
- FY2020 revenue growth
- +46.0%
- FY2021 revenue growth
- +92.5%
- FY2022 revenue growth
- +0.9%
- FY2023 revenue growth
- +16.5%
- FY2024 revenue growth
- +43.4%
- FY2025 revenue growth
- +16.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $1.84B | +24.2% |
| Q4 2025 | $1.66B | +20.8% |
| Q3 2025 | $1.41B | +68.2% |
| Q2 2025 | $1.26B | +77.0% |
| Q1 2025 | $1.48B | +40.3% |
| Q4 2024 | $1.37B | +44.0% |
| Q3 2024 | $835.2M | -3.4% |
| Q2 2024 | $711.0M | -5.2% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
APP's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
APP Revenue Analysis (2018–2025)
Current Revenue & Growth
As of June 22, 2026, AppLovin Corporation (APP) generated trailing twelve-month (TTM) revenue of $6.16 billion, reflecting exceptional growth of +24.2% year-over-year. The most recent quarter (Q1 2026) recorded $1.84 billion in revenue, up 11.1% sequentially.
Historical Growth Trajectory
APP's 5-year compound annual growth rate (CAGR) stands at +30.4%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +24.8% is below the 5-year average, signalling a growth deceleration in recent years. AppLovin Corporation's highest annual revenue of $5.48 billion was recorded in 2025, an all-time high.
Revenue by Segment
APP's revenue is primarily driven by Reportable Segment (100%). With over half of revenue concentrated in Reportable Segment, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including MGNI (+7.1% YoY), IAS (+15.5% YoY), and DV (+12.2% YoY) — APP has outperformed the peer group in revenue growth. Compare APP vs MGNI →
APP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| APPCurrent | $6.2B | +24.2% | +30.4% | 75.8% | |
 MGNI | $714M | +7.1% | +26.4% | 13.7% | |
 IAS | $530M | +15.5% | +19.9% | 11.4% | |
 DV | $748M | +12.2% | +25.1% | 10.6% | |
 TTD | $2.9B | +15.5% | +28.2% | 20.3% | |
 PUBM | $283M | -2.3% | +13.7% | -6.1% |
APP Historical Revenue Data (2018–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $5.48B | +16.4% | $4.82B | 87.9% | $4.15B | 75.8% |
| 2024 | $4.71B | +43.4% | $3.54B | 75.2% | $1.87B | 39.8% |
| 2023 | $3.28B | +16.5% | $2.22B | 67.7% | $648.2M | 19.7% |
| 2022 | $2.82B | +0.9% | $1.56B | 55.4% | $-47,791,000 | -1.7% |
| 2021 | $2.79B | +92.5% | $1.81B | 64.6% | $150.0M | 5.4% |
| 2020 | $1.45B | +46.0% | $895.5M | 61.7% | $-62,042,000 | -4.3% |
| 2019 | $994.1M | +105.7% | $752.8M | 75.7% | $194.4M | 19.6% |
| 2018 | $483.4M | - | $429.6M | 88.9% | $242.4M | 50.2% |
Full Stock Analysis
Deep dive into APP consensus models and risk factors.
Should I Buy APP?
Wall Street verdict, signals, and target summaries.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
8+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
APP — Frequently Asked Questions
Quick answers to the most common questions about buying APP stock.
Is APP's revenue growth accelerating or slowing?
APP revenue growth is accelerating. TTM revenue reached $6.2B, up +24.2% year-over-year — ahead of the 5-year CAGR of +30.4%. This indicates the business is expanding faster than its historical baseline.
What is APP's revenue history from 2018 to 2026?
AppLovin Corporation (APP) revenue history spans 2018 to 2026. TTM revenue as of 2026 is $6.2B, growing at +24.2% YoY. The 5-year CAGR is +30.4%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is APP's long-term revenue growth rate (CAGR)?
AppLovin Corporation's 5-year revenue CAGR of +30.4% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +24.2% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for APP.
Why does APP's quarterly revenue fluctuate?
APP quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. AppLovin Corporation's revenue data from 2018 to 2026 shows full historical quarterly detail on this page.
How is APP's revenue distributed by segment?
APP reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does APP's revenue compare to industry peers?
AppLovin Corporation (APP) with TTM revenue of $6.2B and +24.2% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.