earnings
confidence high
sentiment positive
materiality 0.85
AppLovin Q2 revenue $1.08B (+44% YoY), net income $310M (+286%); guides Q3 rev $1.115-1.135B
AppLovin Corp
2024-Q2 EPS reported
$1.56
revenue$2,138,234,000
- Q2 total revenue $1.08B (+44% YoY); net income $310M (+286%) with 29% net margin.
- Adjusted EBITDA $601M (+80% YoY, 56% margin); Software Platform rev $711M (+75% YoY).
- Operating cash flow $455M (+98% YoY); Free Cash Flow $446M (+102% YoY); cash $460M.
- Q3 guidance: revenue $1.115-1.135B, Adjusted EBITDA $630-650M (57% margin).
- Share repurchase: $500M remaining under $1.25B authorization; 4.2M shares withheld for $356M.