On November 3, 2023, the Company’s board of directors (the “Board”) appointed Matthew Stumpf, the Company’s current Vice President of Finance and FP&A, to serve as Chief Financial Officer, effective as of January 1, 2024.
On November 3, 2023, Herald Chen, the Company's President and Chief Financial Officer, informed the Company that he will resign from his management roles, effective as of December 31, 2023.
Effective as of January 1, 2024, Mr. Stumpf will be deemed the Company’s principal financial officer and Dmitriy Dorosh, the Company’s current Vice President, Controller, will be deemed the Company’s principal accounting officer.
Key facts
Extracted from this filing and checked against the source text.
Earnings ReleasesSEC 8-K Item 2.02confidence 0.95
AppLovin Corp reported the quarter ended September 30, 2023 results: revenue $864 million, net income $109 million. Guidance reaffirmed.
Period
the quarter ended September 30, 2023
Revenue
$864 million
Net income
$109 million
Guidance
reaffirmed
Result
reported results
Exact text from the filing
2.0, our AI-based advertising engine behind our AppDiscovery platform. Financial highlights for the third quarter of 2023 include: ● Total revenue grew 21% year-over-year to $864 million, and net income improved to $109 million at a net margin of 13% ● Adjusted EBITDA grew 63% year-over-year to $419 million at an Adjusted EBITDA margin improved of 49% ● Net cash
Matthew Stumpf was appointed as Chief Financial Officer at AppLovin Corp.
Action
appointed
Role
Chief Financial Officer
Exact text from the filing
On November 3, 2023, the Company’s board of directors (the “Board”) appointed Matthew Stumpf, the Company’s current Vice President of Finance and FP&A, to serve as Chief Financial Officer, effective as of January 1, 2024.
Herald Chen resigned as President and Chief Financial Officer at AppLovin Corp.
Action
resigned
Role
President and Chief Financial Officer
Exact text from the filing
On November 3, 2023, Herald Chen, the Company's President and Chief Financial Officer, informed the Company that he will resign from his management roles, effective as of December 31, 2023.
Dmitriy Dorosh changed role as Principal Accounting Officer at AppLovin Corp.
Action
designated
Role
Principal Accounting Officer
Exact text from the filing
Effective as of January 1, 2024, Mr. Stumpf will be deemed the Company’s principal financial officer and Dmitriy Dorosh, the Company’s current Vice President, Controller, will be deemed the Company’s principal accounting officer.
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