AppLovin Q1 revenue $1.06B (+48% YoY); Software Platform rev record $678M (+91%)

AppLovin Corp

2024-Q1 EPS reported $0.67 revenue$1,058,115,000

Net income $236M, net margin 22%; Adjusted EBITDA $549M (+101% YoY), margin 52%.
Software Platform revenue grew 18% QoQ to record $678M, with segment Adjusted EBITDA margin 73%.
Free cash flow $388M; cash and equivalents $436M with ~329M shares outstanding.
Repurchased 14.9M shares in Q1 (~3% reduction); $500M remaining under $1.25B authorization.
Q2 2024 guidance: revenue $1.06B-$1.08B, Adjusted EBITDA $550M-$570M (52-53% 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 first quarter ended March 31, 2024 results: revenue $1.06 billion, net income $236 million. Guidance initiated.

Period: first quarter ended March 31, 2024
Revenue: $1.06 billion
Net income: $236 million
Guidance: initiated
Result: reported results

Exact text from the filing

In the first quarter, we generated revenue of $1.06 billion (+48% yr/yr), net income of $236 million at a net margin of 22%, and Adjusted EBITDA of $549 million (+101% yr/yr) at an Adjusted EBITDA margin of 52%.

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Source: SEC EDGAR

accession 0001751008-24-000041

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