earnings
confidence high
sentiment positive
materiality 0.85
AppLovin Q1 rev $625M (+$210M bonuses), Adj EBITDA $276M (+111%); MoPub/Wurl deals closed; new segments
AppLovin Corp
2022-Q1 EPS reported
-$0.31
revenue$625,421,000
- Revenue $625M ($835M incl. $210M non-recurring publisher bonuses); Adj EBITDA $276M (+111%); Net loss $115M vs $11M loss YoY.
- Software Platform rev $119M excl. bonuses; SPEC +149% to 481; Net dollar retention +137% (+258% excl. bonuses).
- MoPub acquisition closed; Wurl (CTV platform) acquired Apr 2022. New segments: Software Platform (65-70% margin) and Apps (5-10%).
- Management to review Apps portfolio for retention, restructure, or sale; no immediate changes announced.
- Adj EBITDA run-rate exceeded $1B in Q1; company stresses cash flow generation.