APP vs MGNI

AppLovin and Magnite, Inc., both Communication Services

AppLovin is the larger company at $158B against $2.6B. On trailing earnings MGNI is the cheaper of the two at a P/E of 22.3 against 23.8, a gap that is only a bargain if the two are growing at similar rates. Over the past year MGNI returned +7.5% against -21% for APP. Ryufin's sector-relative Smart Score puts APP ahead, 10/10 against 6/10.

AppLovin and Magnite, Inc.compared on valuation, return and Ryufin’s Smart Score
FigureAPPMGNI
Last close$309$23.38
Market cap$158B$2.6B
Trailing P/Elower is cheaper for the same earnings, not automatically better23.822.3
1-year return-21%+7.5%
5-year return+403%-22%
Ryufin Smart Scoresector-relative, 1–1010/106/10

Figures from SEC filings and end-of-day closes. Highlighting marks the higher or lower number, which is not the same as the better investment, a low P/E can be a warning and a high one can be deserved.

AppLovin

Revenue of $1.9B in Q2 2026, net income $1.3B. Its largest reported line is Advertising, 39% of the disclosed total.

Magnite, Inc.

Revenue of $164M in Q1 2026, net income $4M. Its largest reported line is US, 75% of the disclosed total.

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