AppLovin (APP) Enterprise Value (2021 - 2026)
AppLovin (APP) recorded Enterprise Value of $93.05 billion in Q3 2026, down 61.5% from $241.58 billion a year earlier and down 45.2% from the prior quarter.
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Analysis
AppLovin (APP) Enterprise Value (2021 - 2026) Analysis & Trends
On a TTM basis, AppLovin's Enterprise Value came in at $84.75 billion as of Sep 30, 2026, down 64.6% year-over-year; for FY2025, it was $225.47 billion, up 106.1% from FY2024.
- Annual Enterprise Value has increased for three straight years, with a four-year compound annual growth rate of 60.7% (FY2021 to FY2025).
- Across earlier years, Enterprise Value came in at $109.42 billion in FY2024 (+739.0%), $13.04 billion in FY2023 (+356.6%), $2.86 billion in FY2022 (-91.6%) and $33.84 billion in FY2021.
- The Q3 2026 figure is the lowest quarterly Enterprise Value since Q1 2025.
- On a year-over-year basis, Enterprise Value rose in seven of the last eight quarters, with growth averaging 245.3%.
- Peak year-over-year performance for Enterprise Value in the last five years was growth of 739.0% in Q4 2024, against a decline of 91.6% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $169.7 billion (Q2 2026), $131.09 billion (Q1 2026) and $225.47 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,555.16 Bn | 3,290.06 Bn | 76.16 Bn |
| 2 | Meta Platforms | 1,645.02 Bn | 1,309.54 Bn | 51.23 Bn |
| 3 | Netflix | 259.98 Bn | 221.27 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 242.36 Bn | 241.21 Bn | - |
| 5 | Shopify | 192.37 Bn | 171.18 Bn | 1.78 Bn |
| 6 | Uber Technologies | 142.90 Bn | 113.72 Bn | 6.42 Bn |
| 7 | AppLovin | 130.75 Bn | 119.27 Bn | 1.94 Bn |
| 8 | Spotify Technology | 122.74 Bn | 105.49 Bn | - |
| 9 | Booking Holdings | 122.04 Bn | 55.79 Bn | - |
| 10 | PDD Holdings | 111.67 Bn | 111.67 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 93.05 Bn |
| Jun 30, 2026 | 169.70 Bn |
| Mar 31, 2026 | 131.09 Bn |
| Dec 31, 2025 | 225.47 Bn |
| Sep 30, 2025 | 241.58 Bn |
| Jun 30, 2025 | 117.41 Bn |
| Mar 31, 2025 | 89.10 Bn |
| Dec 31, 2024 | 109.42 Bn |
| Sep 30, 2024 | 43.23 Bn |
| Jun 30, 2024 | 27.35 Bn |
| Mar 31, 2024 | 22.33 Bn |
| Dec 31, 2023 | 13.04 Bn |
| Sep 30, 2023 | 13.09 Bn |
| Jun 30, 2023 | 8.09 Bn |
| Mar 31, 2023 | 4.60 Bn |
| Dec 31, 2022 | 2.86 Bn |
| Sep 30, 2022 | 6.30 Bn |
| Jun 30, 2022 | 11.90 Bn |
| Mar 31, 2022 | 19.25 Bn |
| Dec 31, 2021 | 33.84 Bn |
API Access
AppLovin Enterprise Value 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=enterprise-value&ticker=APP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=APP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();