AppLovin Q3 revenue $1.20B (+39% YoY), net income $434M (+300% YoY); board adds $2B buyback

AppLovin Corp

2024-Q3 EPS reported $2.81 revenue$3,336,469,000

Revenue of $1.20B (+39% YoY); net income of $434M (+300% YoY) with net margin 36%.
Adjusted EBITDA $722M (+72% YoY) at 60% margin; Software Platform revenue $835M (+66% YoY) at 78% margin.
Retired 5.0M shares for $437M; board authorized incremental $2.0B repurchase, total remaining $2.3B.
Q4 guidance: revenue $1.24B-$1.26B, Adjusted EBITDA $740M-$760M, margin ~60%.
Cash and equivalents $568M; shares outstanding 335M.

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