secwatch.observer — SEC 8-K summary
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Issuer:     AppLovin Corp (APP)
CIK:        0001751008
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001751008-23-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751008/000175100823000047/0001751008-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751008/000175100823000047/app-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001751008-23-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer