AppLovin Corp. (NASDAQ:APP)

The analysis of the financial data reveals significant fluctuations and an overall positive trajectory in key performance indicators over the observed periods.

Share Price

The share price exhibited considerable volatility. It started at $44.55 in March 2022, declined sharply to $13.50 by February 2023, then recovered to $58.99 in February 2024, and escalated dramatically to $320.49 by February 2025. This represents a substantial increase in market valuation, particularly between 2024 and 2025, indicating robust investor confidence or potentially transformative company developments during the latest period.

Sales Per Share

Sales per share demonstrated steady growth across the periods. Beginning at $7.43 in March 2022, it showed a slight increase to $7.48 by February 2023, followed by a more notable rise to $9.60 in February 2024, and reaching $13.85 in February 2025. This trend suggests a strengthening revenue base on a per-share basis, reflecting potentially improved operational performance or increased demand.

Price-to-Sales (P/S) Ratio

The P/S ratio showed a considerable degree of variation, correlating with changes in share price and sales per share. The ratio started at 5.99 in March 2022, fell to a low of 1.80 in February 2023, aligned with the share price decline during the same period. It then rebounded to 6.14 by February 2024, closely paralleling the recovery in share price. Notably, the P/S ratio surged to 23.14 in February 2025, a level significantly higher than in previous periods. This sharp increase implies a substantial premium on the company's sales, possibly driven by heightened market expectations or speculative factors.