AppLovin Corp. Class A (APP)

APP · Communication Services · United States

AppLovin Corp. Class A (APP) is a company in the Communication Services sector, based in United States. The stock is held in 22 ETFs we track – with its largest weight of 2.43 % in XUCM (msci-usa-communication). Anyone holding one of these ETFs also owns a small indirect stake in AppLovin.

Above-average ETF coverage: 22 of the 95 ETFs we cover hold AppLovin, spread across 11 indices. That puts the stock in more ETFs than 87.9 % of the 4,334 stocks we cover.

Held in22 ETFs

Highest weight2.43 %

Indices11

SectorCommunication Services

CountryUnited States

ISINUS03831W1080

WKNA2QR0K

Data note 1

Price chart

Data note 2

Performance

Performance
Year to date	-51.5 %	1 year	-45.9 %
1 month	+4.7 %	3 months	-31.9 %
Calendar year 2025	+108.1 %

52W

Data note 3

Measured in euros, AppLovin returned -50.6 % year to date and -44.7 % over one year. The gap to the dollar figures above comes from the exchange rate alone: each daily price is converted at the ECB euro reference rate for the same day.

Data note 4

Risk metrics

Max drawdown-59.3 %

Volatility p.a.82.9 %

Data note 5

Below peak-55.5 %

Beta to S&P 5002.10

Correlation to S&P 5000.37

The close on Sep 16, 2026 was 55.5 % below the highest close since Aug 12, 2024, reached on Dec 22, 2025. Over the last 252 trading days, on days when the S&P 500 rose or fell 1 %, AppLovin moved on average 2.10 % in the same direction. The correlation of 0.37 shows how reliable that average is: the broad market explained only a small share of the daily moves.

Data note 6

Correlated with

The strongest co-movers on top, the most inverse below. Low or negative values improve portfolio diversification.

Correlated with
Instrument	r	−1 … +1
Block Inc. Class A	+0.52
Axon Enterprise Inc	+0.49
Affirm Holdings Inc. Class A	+0.46
SoFi Technologies Inc	+0.42
Reddit Inc. Class A	+0.41
Datadog Inc. Class A	+0.39
Targa Resources Corp.	-0.49
Brent crude oil	-0.43
ONEOK Inc.	-0.41

Data note 7

Key financials

Latest reported fiscal year (FY2025, period end 2025-12-31) as filed with the SEC.

Revenue5.5 bn $

Net income3.3 bn $

Diluted EPS9.75 $

Net margin60.8 %

Return on equity156.2 %

Equity ratio29.4 %

Revenue growth+70.0 %

Revenue and profit by fiscal year
Fiscal year	Revenue	Net income	Margin
FY2023	1.8	0.4	19.4 %
FY2024	3.2	1.6	49.0 %
FY2025	5.5	3.3	60.8 %

Data note 8

Held in these ETFs

Held in these ETFs
ETF	Index	Weight	per €1,000 in the ETF
XUCM	msci-usa-communication	2.43 %	€24.30
XWTS	msci-world-communication	1.54 %	€15.40
WTEL	msci-world-communication	1.44 %	€14.40
EXXT	nasdaq-100	0.45 %	€4.50
XNAS	nasdaq-100	0.45 %	€4.50
XDEQ	msci-world-quality	0.24 %	€2.40
SPYL / SPY5	sp500	0.14 %	€1.40
SXR8	sp500	0.13 %	€1.30
XD9U / XD9D	msci-usa	0.11 %	€1.10
XDEB	msci-world-minimum-volatility	0.09 %	€0.90
SWWD	msci-world	0.08 %	€0.80
EUNL	msci-world	0.08 %	€0.80
SPPW	msci-world	0.08 %	€0.80
XDWD / XDWL	msci-world	0.08 %	€0.80
WIMI	msci-world-imi	0.07 %	€0.70
SPYI / SPSA	msci-acwi-imi	0.07 %	€0.70
SPYY	msci-acwi	0.07 %	€0.70
IUSQ	msci-acwi	0.07 %	€0.70

Data note 9

The last column turns the weight into euros: this much of €1,000 invested in one of these funds is allocated to AppLovin as of the fund's latest holdings list.

Weight in EUNL since 2022

Jun 30, 2022Sep 16, 2026

In EUNL, a fund tracking the MSCI World, AppLovin had a weight of 0.01 % on Jun 30, 2022 and 0.08 % on Sep 16, 2026. Its share peaked at 0.21 % on Sep 30, 2025. The weight rises and falls with the stock's price relative to the other index members, and it also shifts when the index provider changes the composition.

Data note 10

How much AppLovin Corp. Class A overlaps with other holdings in a portfolio is shown by the Portfolio X-Ray and the ETF overlap check.

Stocks with similar ETF exposure

Names that reach a portfolio through largely the same funds as AppLovin — the figure counts the ETFs holding both.

Data note 11

Key figures side by side

Key figures compared with stocks of similar ETF exposure
Stock	1 year	Volatility p.a.	Net margin	Revenue growth
AppLovin	-45.9 %	82.9 %	60.8 %	+70.0 %
Netflix	-36.4 %	33.9 %	24.3 %	+15.9 %
Alphabet	+35.0 %	31.1 %	–	–
T-Mobile US	-25.8 %	28.3 %	12.4 %	+8.5 %
Meta Platforms Inc	-13.6 %	37.7 %	30.1 %	+22.2 %
Take-Two Interactive Software	-14.5 %	31.3 %	-4.5 %	+18.2 %
Warner Bros. Discovery	+53.8 %	49.6 %	1.9 %	-5.1 %
Alphabet	+36.5 %	31.5 %	32.8 %	+15.1 %
Comcast Corporation	-26.5 %	29.8 %	16.2 %	-0.0 %

Return and volatility from our daily closing prices in US dollars; margin and growth from the latest SEC annual filing. Fiscal years do not all end on the same date.