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AppLovin vs Snap: APP and SNAP compared
AppLovin is the larger company: $2.2B of revenue in its latest quarter (Q3 2026) against $1.7B for Snap (Q3 2026). AppLovin is growing faster (+56% against +14% a year earlier). AppLovin is more profitable, with an operating margin of 78.2% against 4.5%.
Where the money goes: APP and SNAP
AppLovin (APP) · Q3 2026
AppLovin, Q3 2026: revenue $2.2B (+56% year over year), operating margin 78.2%, net earnings $1.4B, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
Snap (SNAP) · Q3 2026
Snap, Q3 2026: revenue $1.7B (+14% year over year), operating margin 4.5%, net earnings $56.5M, operating cash flow $210M. The chart follows the revenue to costs, profit and cash.
| AppLovin (APP) | Snap (SNAP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.2B | $1.7B |
| Revenue growth, Y/Y | +56% | +14% |
| Operating margin | 78.2% | 4.5% |
| Net earnings | $1.4B | $56.5M |
| Net margin | 65.9% | 3.3% |
| Operating cash flow | $1.4B | $210M |
| Free cash flow | $1.4B | $164M |
| Market value | $133.0B | $8.6B |
| P/E | 26.7× | — |
| Analysts’ mean target | $459.79 | $7.10 |
Where the revenue comes from
Snap
- Advertising revenue: $1.4B (80%)
- Other revenue: $350M (20%)
Questions
Which is bigger, AppLovin or Snap?
AppLovin is the larger company: $2.2B of revenue in its latest quarter (Q3 2026) against $1.7B for Snap (Q3 2026).
Is AppLovin or Snap growing faster?
AppLovin is growing faster (+56% against +14% a year earlier).
Which is more profitable, AppLovin or Snap?
AppLovin is more profitable, with an operating margin of 78.2% against 4.5%.
More: AppLovin earnings · how AppLovin makes money · Snap earnings · how Snap makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.