earnings
confidence high
sentiment positive
materiality 0.85
AppLovin Q3 revenue $727M (+90% YoY); Software Platform revenue up 385% to $193M
AppLovin Corp
2021-Q3 EPS reported
$0.01
revenue$1,999,634,000
- Q3 revenue $727M (+90% YoY); Business Software Platform revenue $193M (+385% YoY).
- Net income improved to $0.1M from net loss of $90M; Adjusted EBITDA grew 126% to $191M.
- Software Platform Enterprise Clients reached 449 (+305% YoY); Net Dollar-Based Retention 255%.
- Agreed to acquire MoPub for $1.05B cash; expected close in 2022, incremental annual revenue $240-260M.
- Cathy Sun resigned from Board; Alyssa Harvey Dawson appointed as director.