• AppLovin average return on tangible equity for 2023 was -5.44, a 163.48% increase from 2022.
• AppLovin average return on tangible equity for 2022 was 8.57, a 17.72% decline from 2021.
• AppLovin average return on tangible equity for 2021 was 7.28, a 78.58% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.