AppLovin Corp（APP）の決算・業績分析
AppLovin Corpの2025年有価証券報告書をAI分析。売上高$5.5B(+16.4%)。営業利益$4.2B。Information Technology。
目次
AppLovin Corpの2025年度 業績サマリー
AppLovin Corp（証券コード: APP）の2025年度決算・業績分析。売上高は$5.5B（前年比+16.4%）。営業利益は$4.2B（前年比+121.6%）。純利益は$3.3B（前年比+111.0%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
AppLovin Corpの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue reached $2.8B in FY2024 (+0.9% YoY), but operating income declined to -$48M (-131.9% YoY) and net income fell to -$193M (-643.8% YoY) (XBRL).
- Net debt stood at $2.4B (4.8x EBITDA) despite $502M in cash reserves (XBRL).
- R&D expenses totaled $508M, reflecting continued investment in AI technologies like AXON (10-K).
AppLovin Corpの売上高変化の要因
- •Revenue grew to $2.8B in FY2024, maintaining the 2023 level but showing a 16.7% CAGR over five years (XBRL). Operating income, however, plummeted to -$48M (-131.9% YoY), contrasting with the 41.2% CAGR in operating income over five years. The Apps segment's performance is unclear due to lack of segment disclosure, but the Advertising segment likely faces challenges given the negative operating income (10-K).
AppLovin Corpの営業利益変化の要因
- •Profitability metrics deteriorated sharply: operating margin fell to -1.7% (vs. 150M in FY2023), net margin to -6.8% (vs. 35M in FY2023), and EBITDA remained at $499M (17.7% of revenue) (XBRL). The $508M R&D expense suggests reinvestment in growth despite declining profitability (XBRL).
AppLovin Corpの事業リスクと対応
Fluctuation in results due to market conditions (10-K).
Cybersecurity risks from data breaches or improper access (10-K).
Reliance on third-party platforms for revenue distribution (10-K).
Dependence on key employees and maintaining company culture (10-K).
Intense competition and challenges adapting to technological changes (10-K).
Regulatory risks including privacy laws, AI regulations, and tax liabilities (10-K).
AppLovin Corpの今後の見通し・業績予想
AppLovin Corpの事業内容
AppLovin Corp operates AI-powered advertising solutions and a portfolio of mobile apps, generating revenue through advertiser return-on-spend targets and app monetization (10-K). Key products include AppDiscovery (user acquisition), MAX (monetization), Adjust (measurement analytics), and Wurl (CTV platform). The company's competitive advantages include its integrated advertising ecosystem, AI technologies, and diversified app portfolio (10-K).
AppLovin CorpのAI業績分析レポート（2024年度）
AppLovin Corp (APP) FY2024 Annual Report Analysis
Highlights
Business Overview
AppLovin Corp provides AI-powered advertising solutions and operates mobile apps, generating revenue through advertiser return-on-spend targets and app monetization (10-K). Key products include AppDiscovery, MAX, Adjust, and Wurl. Competitive advantages include AI integration, diversified apps, and CTV platform capabilities (10-K).
Revenue Analysis
Revenue grew to $2.8B in FY2024 (+0.9% YoY), maintaining the 2023 level but showing a 16.7% CAGR over five years (XBRL). Operating income fell to -$48M (-131.9% YoY), contrasting with the 41.2% CAGR in operating income over five years. Segment details are unavailable (10-K).
Profitability Analysis
Operating margin: -1.7% (vs. 150M in FY2023), net margin: -6.8% (vs. 35M in FY2023), EBITDA: $499M (17.7% of revenue) (XBRL). R&D expenses: $508M (XBRL).
Balance Sheet Analysis
Equity ratio: 39.9%, current ratio: 1.71x, debt-to-equity: 1.92x, long-term debt: $2.9B, net debt: $2.4B (4.8x EBITDA) (XBRL). Total assets: $5.4B (vs. $5.8B in FY2023) (XBRL).
Cash Flow Analysis
Operating cash flow: $413M (vs. $362M in FY2023), free cash flow: $412M (vs. $362M in FY2023), investing cash flow: -$1.4B, financing cash flow: -$527M (including $339M share repurchases) (XBRL).
Working Capital Analysis
Receivables days: 124, payables days: 108, asset turnover: 0.53x (XBRL). CCC cannot be calculated due to missing inventory data.
Risks
Outlook
No specific management guidance is provided in the 10-K, but the historical time series shows revenue declining to $1.8B in FY2025 (XBRL).
Information Technologyの企業一覧
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