AppLovin reports Q3 rev $713M (-2% YoY), Adj EBITDA $258M (+35%); cuts FY2022 rev guidance to ~$2.81B

AppLovin Corp

2022-Q3 EPS reported -$0.30 revenue$2,114,751,000

Software Platform rev $307M (+59% YoY); SPEC clients up 84% to 538; NDBRR 166%.
Apps segment rev $407M (-24% YoY); Adj EBITDA margin improved to 17% from 11%.
Net income $24M (vs $0.1M prior yr); Adj EBITDA $258M (+35% YoY, 36% margin).
4Q22 guidance: rev $685-700M, Adj EBITDA $250-265M, margin 36-38%.
Full yr 2022 rev guidance cut to $2.80-2.81B (from $2.84-3.14B); Adj EBITDA ~$1.06B.

item 2.02 item 5.02 item 9.01

Executive movements

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Role change

Herald Chen

Principal Accounting Officer

APP · AppLovin Corp

Effective: 2022-11-07
Filed: November 9, 2022, 6:59 PM ET

On November 7, 2022, the Company’s Board of Directors designated Herald Chen, the Company’s President and Chief Financial Officer, as the Company’s Principal Accounting Officer.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AppLovin Corp updated its quarter ended September 30, 2022 guidance (lowered).

Period: quarter ended September 30, 2022
Guidance: lowered
Result: reported results

Exact text from the filing

On November 9, 2022, AppLovin Corporation (“AppLovin” or the “Company”) issued a press release announcing that AppLovin had issued a letter to its shareholders announcing its financial results for the quarter ended September 30, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Herald Chen changed role as Principal Accounting Officer at AppLovin Corp.

Action: designated
Role: Principal Accounting Officer

Exact text from the filing

On November 7, 2022, the Company’s Board of Directors designated Herald Chen, the Company’s President and Chief Financial Officer, as the Company’s Principal Accounting Officer.

View on SEC.gov

3 earnings releases filed in the last 30 days. Browse all earnings releases →

AppLovin Corp filing history →

Source: SEC EDGAR

accession 0001193125-22-281229

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