AppLovin Corporation (APP) Revenue History
Annual and quarterly revenue from 2018 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
APP's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
APP Revenue Analysis (2018–2025)
As of February 28, 2026, AppLovin Corporation (APP) generated trailing twelve-month (TTM) revenue of $5.48 billion, reflecting slight decline in growth of -2.9% year-over-year. The most recent quarter (Q4 2025) recorded $1.33 billion in revenue, down 5.1% sequentially.
Looking at the longer-term picture, APP's 5-year compound annual growth rate (CAGR) stands at +30.4%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $5.48 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows APP's business is primarily driven by Advertising Segment (68%), and Apps (32%). With over half of revenue concentrated in Advertising Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including TTD (+18.5% YoY), SRAD (+16.7% YoY), and GTM (+2.9% YoY), APP has underperformed the peer group in terms of revenue growth. Compare APP vs TTD →
Peer Comparison
Compare APP's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| APPCurrent | $5.5B | -2.9% | +30.4% | 75.8% | |
| TTD | $2.9B | +18.5% | +28.2% | 20.3% | |
| SRAD | $1.1B | +16.7% | +23.8% | 12.2% | |
| GTM | $1.2B | +2.9% | +21.3% | 18.1% | |
| DV | $748M | +13.9% | +25.1% | 10.6% | |
| IBTA | $342M | -6.8% | - | -0.2% |
Historical Revenue Data
| 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% |
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Start ComparisonFrequently Asked Questions
Is APP's revenue growth accelerating or slowing?
APP revenue growth slowed to -2.9%, below the 5-year CAGR of +30.4%. TTM revenue is $5.5B. The deceleration marks a shift from historical growth rates.
What is APP's long-term revenue growth rate?
AppLovin Corporation's 5-year revenue CAGR of +30.4% reflects the variable expansion pattern. Current YoY growth of -2.9% is near this long-term average.
How is APP's revenue distributed by segment?
APP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2025 are available for download. Segment mix reveals concentration and diversification trends.