AppLovin (APP) risk factors

Item 1A of every AppLovin Corp. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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FY2025 10-K risk factors
44 risks5 new13 dropped22 reworded
The June 2025 Apps sale shifts disclosed risk toward advertising, including Axon Ads Manager, third-party platforms, and brand building.
Filed Feb 19, 2026
FY2024 10-K risk factors
55 risks
Mobile advertising and gaming concentration makes advertiser demand, user engagement, app monetization, and ecosystem changes central risks.
Filed Feb 27, 2025