RBC Capital has initiated coverage on Applovin Corp (APP) with an Outperform rating as of October 13, 2025. This marks the firm's first assessment of the company.
Applovin Corp, headquartered in Palo Alto, California, operates a mobile marketing platform and employs 1,533 full-time staff. The firm went public on April 15, 2021. It provides end-to-end software and AI solutions to help businesses reach, monetize, and grow their global audiences. Key products include AppDiscovery, MAX, Adjust, and Wurl, with AppDiscovery utilizing an AI-powered engine for advertising.
As of November 8, 2025, Applovin's market capitalization stands at $209.5 billion, with a trailing P/E ratio of 86.23 and an EPS of 7.04. The company is scheduled to report its upcoming earnings on August 3, 2026, with estimated EPS of $3.17 and revenue of $1.7 billion.
Analyst consensus currently indicates 9 Strong Buy, 17 Buy, 5 Hold, and 1 Sell ratings, reflecting a general Buy outlook among 32 analysts. The announcement highlights RBC Capital's confidence in Applovin's growth potential within the technology sector.