AppLovin (APP) EBITDA (2020 - 2026)
AppLovin (APP) reported EBITDA of $1.74 billion for Q3 2026, up 56.5% from $1.11 billion a year earlier and up 14.2% from the prior quarter.
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Analysis
AppLovin (APP) EBITDA (2020 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, AppLovin's EBITDA came in at $6.05 billion, up 59.5% year-over-year; for FY2025, it came in at $4.35 billion, up 84.2% from FY2024.
- EBITDA has increased for three consecutive years, with a five-year compound annual growth rate of 84.9% (FY2020 to FY2025).
- By year, EBITDA came in at $2.36 billion in FY2024 (+85.7%), $1.27 billion in FY2023 (+148.2%), $511.97 million in FY2022 (-13.8%) and $593.9 million in FY2021 (+195.4%).
- The Q3 2026 figure ranks as the highest quarterly EBITDA in data going back to Q1 2020.
- Year over year, EBITDA has now increased in each of the last 14 quarters, with growth averaging 71.5% over the last eight quarters.
- The high point for year-over-year EBITDA in five years was Q4 2023 (growth of 523.9%); the low point was Q1 2022 (a decline of 95.9%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $1.53 billion (Q2 2026), $1.47 billion (Q1 2026) and $1.31 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,555.16 Bn | 3,290.06 Bn | 76.16 Bn | 48.95 Bn |
| 2 | Meta Platforms | 1,645.02 Bn | 1,309.54 Bn | 51.23 Bn | 20.14 Bn |
| 3 | Netflix | 259.98 Bn | 221.27 Bn | 6.80 Bn | 8.80 Bn |
| 4 | Alibaba Group Holding | 242.36 Bn | 241.21 Bn | - | - |
| 5 | Shopify | 192.37 Bn | 171.18 Bn | 1.78 Bn | 575.00 Mn |
| 6 | Uber Technologies | 142.90 Bn | 113.72 Bn | 6.42 Bn | 1.67 Bn |
| 7 | AppLovin | 130.75 Bn | 119.27 Bn | 1.94 Bn | 1.74 Bn |
| 8 | Spotify Technology | 122.74 Bn | 105.49 Bn | - | - |
| 9 | Booking Holdings | 122.04 Bn | 55.79 Bn | - | 3.60 Bn |
| 10 | PDD Holdings | 111.67 Bn | 111.67 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.74 Bn |
| Jun 30, 2026 | 1.53 Bn |
| Mar 31, 2026 | 1.47 Bn |
| Dec 31, 2025 | 1.31 Bn |
| Sep 30, 2025 | 1.11 Bn |
| Jun 30, 2025 | 1.00 Bn |
| Mar 31, 2025 | 919.87 Mn |
| Dec 31, 2024 | 756.17 Mn |
| Sep 30, 2024 | 633.93 Mn |
| Jun 30, 2024 | 492.96 Mn |
| Mar 31, 2024 | 452.23 Mn |
| Dec 31, 2023 | 512.53 Mn |
| Sep 30, 2023 | 311.20 Mn |
| Jun 30, 2023 | 254.55 Mn |
| Mar 31, 2023 | 192.51 Mn |
| Dec 31, 2022 | 82.14 Mn |
| Sep 30, 2022 | 215.96 Mn |
| Jun 30, 2022 | 209.62 Mn |
| Mar 31, 2022 | 4.25 Mn |
| Dec 31, 2021 | 178.02 Mn |
API Access
AppLovin EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda&ticker=APP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "ticker": "APP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda&ticker=APP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();