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AppLovin Corp（APP）与Match Group（MTCH）财务数据对比。点击上方公司名可切换其他公司
AppLovin Corp的季度营收约是Match Group的1.5倍（$1.3B vs $878.0M）。AppLovin Corp净利率更高（82.7% vs 23.9%，领先58.8%）。Match Group同比增速更快（2.1% vs -2.9%）。过去两年AppLovin Corp的营收复合增速更高（12.2% vs 1.1%）
AppLovin是总部位于美国加利福尼亚州帕洛阿尔托的移动科技公司，成立于2012年，旗下拥有SSP MAX、DSP AppDiscovery营销平台及SparkLabs创意工作室，可为开发者提供应用推广、变现、分析及发行服务，同时也对多家移动游戏发行商开展投资。
美国互联网科技企业Match Group总部位于得克萨斯州达拉斯，旗下拥有全球规模最大的在线约会服务品牌矩阵，运营Tinder、Hinge、Plenty of Fish等多款全球知名约会产品。2020年7月公司从IAC分拆为独立上市公司，截至2019年全球付费订阅用户达930万，其中近半数来自北美地区。
APP vs MTCH — 直观对比
营收规模更大
APP
是对方的1.5倍
$878.0M
营收增速更快
MTCH
高出5.0%
-2.9%
净利率更高
APP
高出58.8%
23.9%
两年增速更快
APP
近两年复合增速
1.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $878.0M |
| 净利润 | $1.1B | $209.7M |
| 毛利率 | 95.2% | 74.7% |
| 营业利润率 | — | 32.4% |
| 净利率 | 82.7% | 23.9% |
| 营收同比 | -2.9% | 2.1% |
| 净利润同比 | 84.0% | 32.5% |
| 每股收益（稀释后） | $3.24 | $0.83 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收APPMTCH
| Q4 25 | $1.3B | $878.0M | ||
| Q3 25 | $1.4B | $914.3M | ||
| Q2 25 | $1.3B | $863.7M | ||
| Q1 25 | $1.5B | $831.2M | ||
| Q4 24 | $1.4B | $860.2M | ||
| Q3 24 | $1.2B | $895.5M | ||
| Q2 24 | $1.1B | $864.1M | ||
| Q1 24 | $1.1B | $859.6M |
净利润APPMTCH
| Q4 25 | $1.1B | $209.7M | ||
| Q3 25 | $835.5M | $160.8M | ||
| Q2 25 | $819.5M | $125.5M | ||
| Q1 25 | $576.4M | $117.6M | ||
| Q4 24 | $599.2M | $158.3M | ||
| Q3 24 | $434.4M | $136.5M | ||
| Q2 24 | $310.0M | $133.3M | ||
| Q1 24 | $236.2M | $123.2M |
毛利率APPMTCH
| Q4 25 | 95.2% | 74.7% | ||
| Q3 25 | 87.6% | 73.0% | ||
| Q2 25 | 87.7% | 72.0% | ||
| Q1 25 | 81.7% | 71.5% | ||
| Q4 24 | 76.7% | 72.5% | ||
| Q3 24 | 77.5% | 71.7% | ||
| Q2 24 | 73.8% | 71.6% | ||
| Q1 24 | 72.2% | 70.1% |
营业利润率APPMTCH
| Q4 25 | — | 32.4% | ||
| Q3 25 | 76.8% | 24.2% | ||
| Q2 25 | 76.1% | 22.5% | ||
| Q1 25 | 44.7% | 20.8% | ||
| Q4 24 | 44.3% | 26.0% | ||
| Q3 24 | 44.6% | 23.5% | ||
| Q2 24 | 36.2% | 23.7% | ||
| Q1 24 | 32.1% | 21.5% |
净利率APPMTCH
| Q4 25 | 82.7% | 23.9% | ||
| Q3 25 | 59.5% | 17.6% | ||
| Q2 25 | 65.1% | 14.5% | ||
| Q1 25 | 38.8% | 14.1% | ||
| Q4 24 | 43.6% | 18.4% | ||
| Q3 24 | 36.3% | 15.2% | ||
| Q2 24 | 28.7% | 15.4% | ||
| Q1 24 | 22.3% | 14.3% |
每股收益（稀释后）APPMTCH
| Q4 25 | $3.24 | $0.83 | ||
| Q3 25 | $2.45 | $0.62 | ||
| Q2 25 | $2.39 | $0.49 | ||
| Q1 25 | $1.67 | $0.44 | ||
| Q4 24 | $1.72 | $0.59 | ||
| Q3 24 | $1.25 | $0.51 | ||
| Q2 24 | $0.89 | $0.48 | ||
| Q1 24 | $0.67 | $0.44 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $2.5B | $1.0B |
| 总债务越低越好 | $3.5B | $3.5B |
| 股东权益账面价值 | $2.1B | $-253.5M |
| 总资产 | $7.3B | $4.5B |
| 负债/权益比越低杠杆越低 | 1.65× | — |
8季度趋势，按日历期对齐
现金及短期投资APPMTCH
| Q4 25 | $2.5B | $1.0B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.2B | $340.4M | ||
| Q1 25 | $551.0M | $414.2M | ||
| Q4 24 | $741.4M | $970.7M | ||
| Q3 24 | $567.6M | $860.9M | ||
| Q2 24 | $460.4M | $843.6M | ||
| Q1 24 | $436.3M | $920.9M |
总债务APPMTCH
| Q4 25 | $3.5B | $3.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | $3.5B | $3.8B | ||
| Q3 24 | — | $3.8B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | — | $3.8B |
股东权益APPMTCH
| Q4 25 | $2.1B | $-253.5M | ||
| Q3 25 | $1.5B | $-223.9M | ||
| Q2 25 | $1.2B | $-230.9M | ||
| Q1 25 | $575.4M | $-182.7M | ||
| Q4 24 | $1.1B | $-63.7M | ||
| Q3 24 | $938.2M | $-88.5M | ||
| Q2 24 | $814.8M | $-130.2M | ||
| Q1 24 | $760.2M | $-107.8M |
总资产APPMTCH
| Q4 25 | $7.3B | $4.5B | ||
| Q3 25 | $6.3B | $4.5B | ||
| Q2 25 | $6.0B | $3.9B | ||
| Q1 25 | $5.7B | $3.9B | ||
| Q4 24 | $5.9B | $4.5B | ||
| Q3 24 | $5.4B | $4.4B | ||
| Q2 24 | $5.3B | $4.4B | ||
| Q1 24 | $5.3B | $4.4B |
负债/权益比APPMTCH
| Q4 25 | 1.65× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.22× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $1.3B | $322.8M |
| 自由现金流经营现金流 - 资本支出 | — | $308.1M |
| 自由现金流率自由现金流/营收 | — | 35.1% |
| 资本支出强度资本支出/营收 | — | 1.7% |
| 现金转化率经营现金流/净利润 | 1.19× | 1.54× |
| 过去12个月自由现金流最近4个季度 | — | $1.0B |
8季度趋势，按日历期对齐
经营现金流APPMTCH
| Q4 25 | $1.3B | $322.8M | ||
| Q3 25 | $1.1B | $320.6M | ||
| Q2 25 | $772.2M | $243.8M | ||
| Q1 25 | $831.7M | $193.1M | ||
| Q4 24 | $701.0M | $254.7M | ||
| Q3 24 | $550.7M | $264.9M | ||
| Q2 24 | $454.5M | $129.0M | ||
| Q1 24 | $392.8M | $284.1M |
自由现金流APPMTCH
| Q4 25 | — | $308.1M | ||
| Q3 25 | — | $306.8M | ||
| Q2 25 | — | $231.0M | ||
| Q1 25 | — | $177.7M | ||
| Q4 24 | — | $247.1M | ||
| Q3 24 | — | $251.8M | ||
| Q2 24 | — | $116.3M | ||
| Q1 24 | — | $266.9M |
自由现金流率APPMTCH
| Q4 25 | — | 35.1% | ||
| Q3 25 | — | 33.6% | ||
| Q2 25 | — | 26.7% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | — | 28.1% | ||
| Q2 24 | — | 13.5% | ||
| Q1 24 | — | 31.0% |
资本支出强度APPMTCH
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 2.0% |
现金转化率APPMTCH
| Q4 25 | 1.19× | 1.54× | ||
| Q3 25 | 1.26× | 1.99× | ||
| Q2 25 | 0.94× | 1.94× | ||
| Q1 25 | 1.44× | 1.64× | ||
| Q4 24 | 1.17× | 1.61× | ||
| Q3 24 | 1.27× | 1.94× | ||
| Q2 24 | 1.47× | 0.97× | ||
| Q1 24 | 1.66× | 2.31× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
APP
暂无分部数据
MTCH
| Tinder Segment | $479.3M | 55% |
| Hinge Segment | $186.5M | 21% |
| Evergreen And Emerging Segment | $148.1M | 17% |
| MG Asia Segment | $65.8M | 7% |
