AppLovin (APP) EV to EBIT (2021 - 2026)
AppLovin's (APP) EV to EBIT stood at 32.09 in Q2 2026, down 19.1% from 39.66 a year earlier but up 16.3% from the prior quarter.
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Analysis
AppLovin (APP) EV to EBIT (2021 - 2026) Analysis & Trends
On a TTM basis, AppLovin's EV to EBIT came in at 30.78 as of Jun 30, 2026, down 21.2% year-over-year; for FY2025, it came in at 54.31, down 5.2% from FY2024.
- Across earlier years, EV to EBIT came in at 57.26 in FY2024 (+239.1%), 16.89 in FY2023 and 225.55 in FY2021.
- Quarterly EV to EBIT has ranged from 16.89 in Q4 2023 to 1822.60 in Q1 2022 over the past five years.
- On a year-over-year basis, EV to EBIT has declined for three consecutive quarters, with growth averaging 61.4% over the last eight quarters.
- Peak year-over-year performance for EV to EBIT in the last five years was growth of 243.5% in Q4 2024, against a decline of 98.2% in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 27.59 (Q1 2026), 54.31 (Q4 2025) and 68.93 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,071.44 Bn | 3,828.96 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,777.07 Bn | 1,479.59 Bn | 49.47 Bn |
| 3 | Netflix | 272.74 Bn | 232.94 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 242.17 Bn | 55.95 Bn | 15.11 Bn |
| 5 | Shopify | 225.98 Bn | 203.16 Bn | 1.71 Bn |
| 6 | Uber Technologies | 137.80 Bn | 109.60 Bn | 6.38 Bn |
| 7 | Booking Holdings | 121.57 Bn | 54.62 Bn | - |
| 8 | PDD Holdings | 110.14 Bn | -133.64 Bn | 9.45 Bn |
| 9 | Spotify Technology | 107.49 Bn | 64.99 Bn | 1.86 Bn |
| 10 | AppLovin | 90.01 Bn | 80.05 Bn | 1.70 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.09 |
| Mar 31, 2026 | 27.59 |
| Dec 31, 2025 | 54.31 |
| Sep 30, 2025 | 68.93 |
| Jun 30, 2025 | 39.66 |
| Mar 31, 2025 | 37.33 |
| Dec 31, 2024 | 58.00 |
| Sep 30, 2024 | 26.17 |
| Jun 30, 2024 | 20.97 |
| Mar 31, 2024 | 21.25 |
| Dec 31, 2023 | 16.89 |
| Sep 30, 2023 | 36.73 |
| Jun 30, 2023 | 36.91 |
| Mar 31, 2023 | 32.58 |
| Sep 30, 2022 | 189.99 |
| Jun 30, 2022 | 411.22 |
| Mar 31, 2022 | 1,822.60 |
| Dec 31, 2021 | 225.55 |
| Sep 30, 2021 | 300.36 |
API Access
AppLovin EV to EBIT 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=ev-to-ebit&ticker=APP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebit", "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=ev-to-ebit&ticker=APP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();