A mobile terminal and a control method therefor are disclosed. The mobile terminal includes a body, a display coupled to the body to vary a display region viewed from a front of the body according to switching between an enlarged display mode and a reduced display mode, an input unit configured to sense user input, and a controller. The controller outputs a navigation bar on the display in the enlarged display mode, the navigation bar including at least one indicator, and controls a first application among at least one application which is being output in the enlarged display mode according to an input signal of selecting the indicator.