secwatch.observer — SEC 8-K summary
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Issuer:     AppLovin Corp (APP)
CIK:        0001751008
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001751008-24-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751008/000175100824000041/0001751008-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751008/000175100824000041/app-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001751008-24-000041

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