SPOT vs APP

Comparison between Spotify Technology S.A. (SPOT, Company) and Applovin Corp - Class A (APP, Company).

Both SPOT and APP are from the Communication Services sector.

5-Year PerformanceAPP has outperformed SPOT, delivering a return of +35.9% compared to +21.1%

SPOT vs APP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPOT(COMPANY)	APP(COMPANY)
Market Cap	$102B	$102B
Max Drawdown	80.51%	91.90%
Sharpe Ratio	-0.58	-0.13
5Y Beta	0.90	2.23
Industry	Internet Content & Information	Advertising Agencies
P/E Ratio	26.03	23.21
Forward P/E	34.84	19.49
PEG Ratio	0.07	0.28
Debt to Equity	5.56%	111.13%
Free Cash Flow Yield	3.85%	4.45%
P/S Ratio	5.82	15.52
P/B Ratio	10.91	33.72

Market Cap

Winner

SPOT

$102B

APP

$102B

Max Drawdown

Winner

SPOT

80.51%

APP

91.90%

Sharpe Ratio

SPOT

-0.58

Winner

APP

-0.13

5Y Beta

Winner

SPOT

0.90

APP

2.23

Industry

SPOT

Internet Content & Information

APP

Advertising Agencies

P/E Ratio

SPOT

26.03

Winner

APP

23.21

Forward P/E

SPOT

34.84

Winner

APP

19.49

PEG Ratio

Winner

SPOT

0.07

APP

0.28

Debt to Equity

Winner

SPOT

5.56%

APP

111.13%

Free Cash Flow Yield

SPOT

3.85%

Winner

APP

4.45%

P/S Ratio

Winner

SPOT

5.82

APP

15.52

P/B Ratio

Winner

SPOT

10.91

APP

33.72

SPOT vs APP - Historical Returns

Returns include dividend reinvestment.

Period	SPOT	APP
1 month	+8.34%	-26.80%
3 months	+20.78%	-34.83%
6 months	+9.91%	-24.57%
1 year	-25.85%	-24.68%
5 years(CAGR)	+21.07%	+35.88%
10 years(CAGR)	+16.44%	N/A
Max(CAGR)	+16.44%	+33.94%

Winner

SPOT

+8.34%

APP

-26.80%

Winner

SPOT

+20.78%

APP

-34.83%

Winner

SPOT

+9.91%

APP

-24.57%

SPOT

-25.85%

Winner

APP

-24.68%

5Y(CAGR)

SPOT

+21.07%

Winner

APP

+35.88%

10Y(CAGR)

SPOT

+16.44%

APP

N/A

Max(CAGR)

SPOT

+16.44%

Winner

APP

+33.94%

SPOT vs APP - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	SPOT	APP
2026	-7.24%	-49.74%
2025	+26.85%	+97.15%
2024	+136.96%	+735.04%
2023	+129.44%	+271.39%
2022	-67.66%	-88.84%
2021	-24.75%	+44.57%
2020	+107.53%	N/A
2019	+31.48%	N/A
2018	-23.83%	N/A

SPOT vs APP Drawdown Comparison

The maximum drawdown for SPOT was -80.51%, occurring on Nov 4, 2022. Recovery took 902 trading sessions.

The maximum drawdown for APP was -91.90%, occurring on Dec 27, 2022. Recovery took 713 trading sessions.

The current SPOT drawdown is -31.26%. The current APP drawdown is -57.63%.

Rank	SPOT	APP
#1	-80.51% Feb 19, 2021 - Sep 20, 2024	-91.90% Nov 11, 2021 - Sep 16, 2024
#2	-46.80% Jun 26, 2025 - Feb 5, 2026	-58.59% Dec 22, 2025 - Aug 12, 2026
#3	-45.57% Jul 26, 2018 - Jun 17, 2020	-57.00% Feb 14, 2025 - Sep 8, 2025
#4	-24.54% Feb 13, 2025 - May 7, 2025	-36.66% Jun 17, 2021 - Oct 14, 2021
#5	-20.73% Sep 1, 2020 - Dec 2, 2020	-27.59% Sep 30, 2025 - Dec 9, 2025
#6	-14.49% Jul 20, 2020 - Sep 1, 2020	-23.51% Apr 15, 2021 - May 20, 2021
#7	-11.99% Jan 8, 2021 - Feb 16, 2021	-22.02% Dec 6, 2024 - Feb 13, 2025
#8	-11.76% May 2, 2018 - Jun 8, 2018	-9.31% Dec 9, 2025 - Dec 22, 2025
#9	-10.95% Dec 4, 2024 - Jan 24, 2025	-7.62% Oct 29, 2024 - Nov 7, 2024
#10	-9.41% Dec 10, 2020 - Jan 8, 2021	-7.57% Nov 9, 2021 - Nov 11, 2021
#11	-7.32% Jun 22, 2018 - Jul 11, 2018	-7.33% May 28, 2021 - Jun 4, 2021
#12	-7.09% Jul 10, 2020 - Jul 20, 2020	-4.12% Nov 22, 2024 - Nov 29, 2024
#13	-6.83% Apr 10, 2018 - Apr 18, 2018	-2.85% Oct 21, 2021 - Oct 28, 2021
#14	-5.64% May 7, 2025 - May 19, 2025	-2.72% Oct 11, 2024 - Oct 21, 2024
#15	-5.47% Sep 25, 2024 - Oct 22, 2024	-2.44% Oct 19, 2021 - Oct 21, 2021