secwatch.observer — SEC 8-K summary
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Issuer:     AppLovin Corp (APP)
CIK:        0001751008
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001751008-23-000061
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751008/000175100823000061/0001751008-23-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751008/000175100823000061/app-20230809.htm
  HTML page:      https://secwatch.observer/filing/0001751008-23-000061

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