AppLovin 4Q 2025 Financial Update

Updated Jun 1, 2026 by AppLovin

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Insights

01
AppLovin achieved $5.48 billion in revenue for 2025, representing a 70% increase over 2024 and an 82% increase over 2023.
02
Net income from continuing operations reached $3.43 billion, a 116% year-over-year increase that resulted in a 63% net margin.
03
Adjusted EBITDA grew to $4.51 billion, an 82% increase from 2024, maintaining an 82% margin.
04
Cash flow from operations rose to $1.40 billion, marking an 82% year-over-year growth rate.
05
The company’s cash and equivalents position strengthened significantly, increasing to $2.49 billion from $741 million in the prior year.
06
Total assets grew to $7.26 billion in 2025, while long-term debt remained stable at approximately $3.51 billion.
07
Non-GAAP adjustments for 2025 totaled $1.08 billion, primarily attributed to stock-based compensation and amortization.

Insights

01
AppLovin achieved $5.48 billion in revenue for 2025, representing a 70% increase over 2024 and an 82% increase over 2023.
02
Net income from continuing operations reached $3.43 billion, a 116% year-over-year increase that resulted in a 63% net margin.
03
Adjusted EBITDA grew to $4.51 billion, an 82% increase from 2024, maintaining an 82% margin.
04
Cash flow from operations rose to $1.40 billion, marking an 82% year-over-year growth rate.
05
The company’s cash and equivalents position strengthened significantly, increasing to $2.49 billion from $741 million in the prior year.
06
Total assets grew to $7.26 billion in 2025, while long-term debt remained stable at approximately $3.51 billion.
07
Non-GAAP adjustments for 2025 totaled $1.08 billion, primarily attributed to stock-based compensation and amortization.