---
schema_version: "secwatch.filing_event.v1"
accession: "0001751008-25-000051"
form_type: "8-K"
ticker: "APP"
cik: "0001751008"
company_name: "AppLovin Corp"
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T08:35:38.998596+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# AppLovin sells gaming business for $400M cash and 20% equity; Q1 revenue up 40% YoY

## Summary
- Q1 total revenue $1.48B (+40% YoY); Advertising revenue $1.16B (+71% YoY); Net income $576M (+144% YoY).
- Q1 Adjusted EBITDA $1.005B (+83% YoY); Free Cash Flow $826M; repurchased $1.2B in stock.
- Agreement to sell mobile gaming business to Tripledot for $400M cash ($150M at close + $250M note) and ~20% equity stake.
- Apps (gaming) revenue declined 14% YoY to $325M; sale expected to close Q2 2025 pending regulatory approval.
- Q2 guidance: Advertising revenue $1.195-$1.215B; Advertising Adjusted EBITDA margin ~81%.

## SEC filing metadata
- accession: 0001751008-25-000051
- form_type: 8-K
- ticker: APP
- cik: 0001751008
- company_name: AppLovin Corp
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1751008/000175100825000051/0001751008-25-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1751008/000175100825000051/app-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001751008-25-000051
- JSON: https://secwatch.observer/filing/0001751008-25-000051.json
- Plain text: https://secwatch.observer/filing/0001751008-25-000051.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.