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Morningstar

Morningstar

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Nov 05, 2026

AppLovin Corporation: AppLovin Earnings: Amazing Results Across the Board on Model Upgrade and Customer Expansion

Symbols

APP

Sector(s)

Communication Services

Rating

Current Price

396.60

Fair Value

Economic Moat

Stewardship

Summary

AppLovin is a vertically integrated advertising technology company that serves as a demand-side platform for advertisers, a supply-side platform for publishers, and an exchange that facilitates transactions between the two. About 80% of AppLovin’s revenue comes from the DSP,

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Analyst Profile

Matthew Dolgin

Equity Analyst

Matthew Dolgin is an equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers companies in the technology sector.Before joining Morningstar in 2016, Dolgin was a compliance examiner for the National Futures Association.Dolgin holds a bachelor’s degree in kinesiology from Northern Illinois University, a master’s degree in business administration from the University of Notre Dame, and a juris doctor degree from the Illinois Institute of Technology’s Chicago-Kent College of Law. He holds the Chartered Financial Analyst® designation.

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