AppLovin Corporation (APP) Revenue History
Annual and quarterly revenue from 2018 to 2025
Compound Annual Growth Rate (CAGR)
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APP Revenue Growth
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)
As of May 7, 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.
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 Reportable Segment (100%). With over half of revenue concentrated in Reportable Segment, the company maintains significant focus in this area while developing other growth vectors.
When 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 terms of 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 | +18.5% | +28.2% | 20.3% | |
 PUBM | $283M | -2.9% | +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 APP Stock Analysis
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Start ComparisonAPP — Frequently Asked Questions
Quick answers to the most common questions about buying APP stock.
Is APP's revenue growth accelerating or slowing?
APP revenue is accelerating at +24.2% year-over-year, exceeding the 5-year CAGR of +30.4%. TTM revenue reached $6.2B. Growth momentum has increased versus prior periods.
What is APP's long-term revenue growth rate?
AppLovin Corporation's 5-year revenue CAGR of +30.4% reflects the sustained expansion pattern. Current YoY growth of +24.2% is above 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.