AppLovin Q2: revenue $750M, net income $80M; Software Platform revenue record $406M; Q3 guidance above

AppLovin Corp

2023-Q2 EPS reported $0.20 revenue$1,465,570,000

Revenue $750M (-3% YoY); net income $80M vs $(22)M loss a year ago; Adjusted EBITDA $334M (44% margin, up from 35%).
Software Platform revenue record $406M (+28% YoY); Segment Adj. EBITDA $273M (67% margin), generating >80% of total Adj. EBITDA.
Apps revenue $344M (-25% YoY); Segment Adj. EBITDA $61M (18% margin).
Year-to-date repurchased $601M of stock; $107M remaining authorization; cash $876M plus $610M revolver.
Q3 guidance: revenue $780-800M, Adj. EBITDA $340-360M (44-45% margin), above Q2 actuals.

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 June 30, 2023 results: revenue $750 million, net income $80 million.

Period: the quarter ended June 30, 2023
Revenue: $750 million
Net income: $80 million
Result: reported results

Exact text from the filing

Total revenue for the second quarter was $750 million, our net income was $80 million

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

AppLovin Corp filing history →

Source: SEC EDGAR

accession 0001751008-23-000061

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