earnings
confidence high
sentiment positive
materiality 0.80
AppLovin Q2 revenue $669M (+123% YoY), Adj. EBITDA $184M; lock-up releases on Aug 13 & 31
AppLovin Corp
2021-Q2 EPS reported
$0.01
revenue$1,272,683,000
- Revenue $669M (+123% YoY, organic +97%); GAAP net income $14M vs loss $22M; Adj. EBITDA $184M (+202%), margin 27%.
- Business Software Platform revenue $146M (+256% YoY), enterprise clients 366 (+218% YoY, +90% Q/Q).
- Lock-up release: ~69M shares eligible Aug 13; ~261M shares eligible Aug 31 due to early termination.
- Asha Sharma (COO of Instacart) appointed to board, effective Aug 10, 2021.