APPLOVIN CORP, PRE 14A filed on 4/10/2026
Proxy Statement - Notice of Shareholders Meeting (preliminary)
v3.26.1
Cover
 12 Months Ended
Dec. 31, 2025
Document Information [Line Items]  
Document Type PRE 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name AppLovin Corporation
Entity Central Index Key 0001751008
v3.26.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year
(a)
Summary Compensation Table Total for PEO
(b)(1)(2)
Compensation Actually Paid to PEO
(c)(1)(3)
Average Summary Compensation Table Total for Non-PEO NEOs
(d)(1)(2)
Average Compensation Actually Paid to Non-PEO NEOs
(d)(1)(3)
Value of Initial Fixed $100 Investment Based On:
Net Income ($M)
(h)(6)
Total Shareholder Return
(f)(4)
S&P 500 Information Technology Index Total Shareholder Return
(g)(5)
2025$12,969,001 $21,689,564 $13,132,666 $24,604,570 $1,033.47 $234.47 $3,334 
2024$11,202,098 $385,953,293 $4,924,980 $124,761,691 $496.67 $189.02 $1,580 
2023$83,361,678 $286,889,079 $22,760,940 $79,920,602 $61.12 $138.37 $357 
2022$104,355 $104,355 $411,799 $(74,612,715)$16.15 $87.66 $(193)
2021$104,346 $104,346 $14,359,442 $46,809,649 $144.57 $122.08 $35 
        
Named Executive Officers, Footnote NEOs included in these columns reflect the following individuals:
Year PEONon-PEO NEOs
2025Adam ForoughiMatthew Stumpf, Vasily Shikin, Victoria Valenzuela
2024Adam ForoughiMatthew Stumpf, Katie Jansen, Vasily Shikin, Victoria Valenzuela
2023Adam Foroughi Herald Chen, Katie Jansen, Vasily Shikin, Victoria Valenzuela
2022Adam Foroughi Herald Chen, Katie Jansen, Vasily Shikin, Victoria Valenzuela
2021Adam Foroughi Herald Chen, Katie Jansen, Vasily Shikin, Victoria Valenzuela
        
Peer Group Issuers, Footnote The peer group used is the S&P 500 Information Technology Index, as used in our stock performance graph in our Annual Report on Form 10-K. TSR is calculated by assuming that a $100 investment was made based on the closing stock price on the IPO Date and reinvesting all dividends until the last day of each reported fiscal year.        
PEO Total Compensation Amount $ 12,969,001 $ 11,202,098 $ 83,361,678 $ 104,355 $ 104,346
PEO Actually Paid Compensation Amount $ 21,689,564 385,953,293 286,889,079 104,355 104,346
Adjustment To PEO Compensation, Footnote This figure is the “compensation actually paid” for our PEO and non-PEO NEOs in each listed year. “Compensation actually paid” does not mean that our PEO and non-PEO NEOs were actually paid those amounts in the listed year or will ever be paid these amounts, but this is a
dollar amount derived by starting with the Summary Compensation Table total compensation and then applying certain adjustments pursuant to the PvP Rules. To calculate “compensation actually paid” for 2025, the following amounts were deducted from and added to the total compensation number shown in the Summary Compensation Table:

2025
PEOAverage For Non-PEO NEOs
($)($)
Summary Compensation Table Total$12,969,001 $13,132,666 
Subtract Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year(a)
$12,558,866 $12,558,866 
Add Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year(a)
$13,635,422 $13,635,422 
Adjust for Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years(a)
$— $167,645 
Adjust for Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year(a)
$7,644,008 $10,227,704 
Compensation Actually Paid$21,689,564 $24,604,570 
a.For purposes of the above adjustments, the fair value of equity awards on the applicable date were determined in accordance with FASB ASC Topic 718, using valuation methodologies that are generally consistent with those used to determine the grant-date fair value for accounting purposes. 		       
Non-PEO NEO Average Total Compensation Amount $ 13,132,666 4,924,980 22,760,940 411,799 14,359,442
Non-PEO NEO Average Compensation Actually Paid Amount $ 24,604,570 124,761,691 79,920,602 (74,612,715) 46,809,649
Adjustment to Non-PEO NEO Compensation Footnote This figure is the “compensation actually paid” for our PEO and non-PEO NEOs in each listed year. “Compensation actually paid” does not mean that our PEO and non-PEO NEOs were actually paid those amounts in the listed year or will ever be paid these amounts, but this is a
dollar amount derived by starting with the Summary Compensation Table total compensation and then applying certain adjustments pursuant to the PvP Rules. To calculate “compensation actually paid” for 2025, the following amounts were deducted from and added to the total compensation number shown in the Summary Compensation Table:

2025
PEOAverage For Non-PEO NEOs
($)($)
Summary Compensation Table Total$12,969,001 $13,132,666 
Subtract Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year(a)
$12,558,866 $12,558,866 
Add Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year(a)
$13,635,422 $13,635,422 
Adjust for Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years(a)
$— $167,645 
Adjust for Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year(a)
$7,644,008 $10,227,704 
Compensation Actually Paid$21,689,564 $24,604,570 
a.For purposes of the above adjustments, the fair value of equity awards on the applicable date were determined in accordance with FASB ASC Topic 718, using valuation methodologies that are generally consistent with those used to determine the grant-date fair value for accounting purposes. 		       
Compensation Actually Paid vs. Total Shareholder Return Compensation Actually Paid” Versus AppLovin TSR Versus Peer Group TSR
CAPvsTSR (1).jpg
        
Compensation Actually Paid vs. Net Income Compensation Actually Paid” Versus Net Income        
Total Shareholder Return Vs Peer Group Compensation Actually Paid” Versus AppLovin TSR Versus Peer Group TSR
CAPvsTSR (1).jpg
        
Total Shareholder Return Amount $ 1,033.47 496.67 61.12 16.15 144.57
Peer Group Total Shareholder Return Amount 234.47 189.02 138.37 87.66 122.08
Net Income (Loss) $ 3,334,000,000 $ 1,580,000,000 $ 357,000,000 $ (193,000,000) $ 35,000,000
PEO Name Adam Foroughi        
Additional 402(v) Disclosure This figure is the total compensation paid to our PEO and non-PEOs, as applicable, in each listed year as shown in our Summary Compensation Table for such listed year.TSR is calculated by assuming that a $100 investment was made based on the closing stock price on the Company’s initial public offering date of April 15, 2021 (the “IPO Date”) and reinvesting all dividends until the last day of each reported fiscal year.The dollar amounts represent the Company’s net income as reported in our audited financial statements for the applicable year.        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (12,558,866)        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 13,635,422        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 7,644,008        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (12,558,866)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 13,635,422        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 167,645        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 10,227,704        
v3.26.1
Award Timing Disclosure
 12 Months Ended
Dec. 31, 2025
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure
We have not granted stock options or other similar types of awards as part of our equity compensation programs for our employees since our initial public offering. Under our Director Compensation Policy, the type of equity award to be granted to a non-employee director for such director’s Initial Award, Annual Award, or in lieu of cash compensation to be paid for board service will be elected in advance at the discretion of the non-employee director and may consist entirely of RSUs or non-qualified stock options. We require such elections to be made during an open trading window under our Insider Trading Policy and at a time when such non-employee director does not possess material nonpublic information about us. Such awards are granted automatically on the first trading date on or after an individual becomes a non-employee director or on the date of our annual meeting in accordance with our Director Compensation Policy. Because these grants are automatic, our Board of Directors and Compensation Committee do not take material nonpublic information into account when determining the timing of such awards. These grants apply to non-employee directors only and do not relate to executive compensation. RSUs, PSUs, or other types of equity awards that we grant to directors, officers, and employees do not include an exercise price.
Award Timing Method We require such elections to be made during an open trading window under our Insider Trading Policy and at a time when such non-employee director does not possess material nonpublic information about us. Such awards are granted automatically on the first trading date on or after an individual becomes a non-employee director or on the date of our annual meeting in accordance with our Director Compensation Policy. Because these grants are automatic, our Board of Directors and Compensation Committee do not take material nonpublic information into account when determining the timing of such awards.
Award Timing Predetermined true
Award Timing MNPI Considered true
Award Timing, How MNPI Considered Under our Director Compensation Policy, the type of equity award to be granted to a non-employee director for such director’s Initial Award, Annual Award, or in lieu of cash compensation to be paid for board service will be elected in advance at the discretion of the non-employee director and may consist entirely of RSUs or non-qualified stock options.
MNPI Disclosure Timed for Compensation Value false
v3.26.1
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true