AppLovin Corporation (APP)

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1100 PAGE MILL RD, PALO ALTO, CA

Models

AppLovin Corporation (APP)Updated Aug 25, 2026 · Revised 1 time
Fair value per share
$449.07
Upside vs current price
47.2%
NTM adjusted EBITDA
6.90
Financial modelassumptions as of 2026-08-25USD
AppLovin Corporation (APP)Updated Aug 9, 2026 · Revised 4 times
Fair value
$396.33
Upside
14.3%
Enterprise value
$133.2k
Financial modelassumptions as of 2026-08-09USD

Artifacts

- Q1 2025 management later confirmed web/e-commerce was roughly 10% of advertising net revenue. - December 2024: about 600 advertisers and $1B annualized gross spend; this independently supports the Q1 2025 estimate. - “Web-based” describes the destination: ads run primarily inside mobile games, then route users to merchant websites. - Current estimates...
📄6 documents
GPT-5