AppLovin Corp

APP

Equity

ISIN US03831W1080 / Valor 110387675

NASDAQ (2024-11-20)

USD 325.22+1.25%

AppLovin Corp
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About company

AppLovin Corp is a mobile technology company that provides a platform for developers to market, monetize, and analyze their apps.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

AppLovin Corp's financial results for the fourth quarter of 2023 showed a significant increase in total revenue, which grew by 21% year-over-year to reach $864 million. This growth was primarily driven by the continued performance of AXON 2.0, the AI-based advertising engine behind the company’s AppDiscovery platform.

Net Income Improvement

In the fourth quarter of 2023, AppLovin Corp reported a net income of $109 million, reflecting a net margin of 13%. This marks a substantial improvement in profitability compared to the previous year, showcasing the company's effective cost management and revenue growth strategies.

Adjusted EBITDA

AppLovin Corp's Adjusted EBITDA for the fourth quarter of 2023 grew by 63% year-over-year to $419 million, with an improved Adjusted EBITDA margin of 49%. This significant increase highlights the company's operational efficiency and strong financial performance during the quarter.

Software Platform Revenue

The revenue from AppLovin Corp's Software Platform segment in the fourth quarter of 2023 was $504 million, representing a 65% year-over-year increase. The Adjusted EBITDA for this segment also grew by 91% year-over-year to $364 million, with an Adjusted EBITDA margin of 72%, indicating robust growth and profitability in this area of the business.

Cash Flow

AppLovin Corp reported net cash from operating activities of $199 million and Free Cash Flow of $194 million for the fourth quarter of 2023. These figures demonstrate the company's strong cash generation capabilities and its ability to maintain liquidity while investing in growth opportunities.

Summarized from source with an LLMView Source

Key figures

723%1Y

226%3Y

%5Y

Performance

69.5%1Y

75.0%3Y

73.4%5Y

Volatility