AppLovin Q2 revenue $776M (+16% YoY), net loss $22M; proposes Unity merger, cuts FY guidance

AppLovin Corp

2022-Q2 EPS reported -$0.37 revenue$1,401,652,000

Software Platform revenue $318M (+118% YoY); segment Adjusted EBITDA margin 62%.
Apps revenue $459M (-12% YoY); strategic review may include divestitures; workforce reduced ~12%.
Full-year 2022 guidance cut: total revenue $2.84-3.14B (prior $3.14-3.44B); Adj. EBITDA midpoint $1.2B.
Chief Accounting Officer Elena Arutunian resigns effective after Q2 10-Q; no disagreement cited.
Non-binding proposal to combine with Unity announced Aug 9; shareholder webinar to discuss.

item 2.02 item 5.02 item 9.01

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Departed

Elena Arutunian

Chief Accounting Officer

APP · AppLovin Corp

Filed: August 10, 2022, 7:59 PM ET

On August 10, 2022, AppLovin announced that, on August 8, 2022, Elena Arutunian, the Company’s Chief Accounting Officer and Principal Accounting Officer, tendered her resignation from her position with the Company, effective two business days following the filing of our Quarterly Report on Form 10-Q for the period ended June 30, 2022.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Elena Arutunian resigned as Chief Accounting Officer at AppLovin Corp.

Action: resigned
Role: Chief Accounting Officer

Exact text from the filing

On August 10, 2022, AppLovin announced that, on August 8, 2022, Elena Arutunian, the Company’s Chief Accounting Officer and Principal Accounting Officer, tendered her resignation from her position with the Company, effective two business days following the filing of our Quarterly Report on Form 10-Q for the period ended June 30, 2022.

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AppLovin Corp filing history →

Source: SEC EDGAR

accession 0001193125-22-217369

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