AppLovin
At a glance
AppLovin reported 2025 revenue of $5.48B, up 70% from $3.22B in 2024. Over 4 years since 2021 ($2.79B), that is growth of about 18.4% a year. Operating margin was 75.8%, up from 5.4% in 2021. 2025 was the highest revenue year in this period. The company posted a loss in 2022.
In the last 12 months 9 insiders reported 0 open-market purchases and 36 sales ($574.1M). 18 of the sales were made under pre-arranged 10b5-1 plans. The largest was a sale of $97.6M by Director Eduardo Vivas on Nov 13, 2025.
AppLovin filed 6 current reports (Form 8-K) in the last 12 months, most often for results of operations (4), shareholder vote results (1) and officer or director change (1). The latest officer or director change was reported on Apr 7, 2026.
4 of the 20 investors tracked here held AppLovin at the last quarter end, worth $1.52B combined. It is the largest weight for Lone Pine Capital (3.3% of its portfolio), followed by Coatue Management (1.2%). New this quarter: Bridgewater Associates. Added: National Pension Service (Korea). Reduced: Lone Pine Capital and Coatue Management.
Annual results
| Year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net income | $35M | -$193M | $357M | $1.58B | $3.33B |
| Diluted EPS | $0.09 | $-0.52 | $0.98 | $4.53 | $9.75 |
Fiscal year ends Dec 31 · incorporated in DE
Tracked investors holding (13F)
Weight is the share of each investor's portfolio, as of the quarter end.
Current reports (8-K, last 12 months)
Insider open-market trades (last 12 months)
Source: SEC EDGAR. How figures are combined