AppLovin Q1 revenue $715M beats guidance; Software Platform revenue record $355M

AppLovin Corp

2023-Q1 EPS reported -$0.01 revenue$715,405,000

Total revenue $715M, above quarterly guidance top end of $705M; Software Platform revenue $355M (record, +16% QoQ).
Net loss narrowed to $5M from $115M YoY; Adjusted EBITDA $274M at 38% margin, above guidance.
Cash from operations $289M, Free Cash Flow $283M; cash and equivalents $1.2B.
Repurchased $202M of Class A common stock YTD through May 8; $210M remaining under $750M authorization.
Q2 guidance: revenue $710-730M, Adj EBITDA $280-300M (39-41% margin).

item 2.02 item 9.01

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 reported the quarter ended March 31, 2023 results: revenue $715 million, net income net loss was $5 million.

Period: the quarter ended March 31, 2023
Revenue: $715 million
Net income: net loss was $5 million
Result: reported results

Exact text from the filing

leading solutions which led to record quarterly Software Platform revenue of $355 million, an increase of 16% over the prior quarter. Total revenue for the first quarter grew to $715 million, above the top end of our quarterly guidance by $10 million. Our net loss was $5 million, net margin was (1)%, and Adjusted EBITDA was $274 million, slightly above the top end of

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Source: SEC EDGAR

accession 0001751008-23-000047

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