secwatch.observer — SEC 8-K summary
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Issuer:     AppLovin Corp (APP)
CIK:        0001751008
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001751008-25-000051
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1751008/000175100825000051/0001751008-25-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1751008/000175100825000051/app-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001751008-25-000051

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