AppLovin vs. Fastly: A Look at Recent Revenue Trends for These Tech Companies

AppLovin demonstrates significantly stronger revenue growth than Fastly, with Q1 2026 revenue reaching $1.8 billion (59% YoY growth) compared to Fastly's $173 million (20% YoY growth). AppLovin trades at a premium valuation (P/S ratio of 28) while Fastly trades at a lower multiple (P/S ratio of 4), though Fastly achieved record gross margins of 62.5%. Wall Street was disappointed by Fastly's 2026 guidance of $710-725 million in sales, representing only 16% YoY growth.