The company said its annual revenue rose 17% from $2.82 billion in 2022 to $3.28 billion in 2023, and that it had net income of $356.7 million compared with a net loss of $192.9 million in 2022.

1. 01

   The company said its annual revenue rose 17% from $2.82 billion in 2022 to $3.28 billion in 2023, and that it had net income of $356.7 million compared with a net loss of $192.9 million in 2022.

2. 02

   The company said its Software Platform Revenue increased by $792.6 million (76%) in 2023, while Apps Revenue decreased by $326.6 million (18%). It cited publisher bonuses of $209.6 million, which were recorded as a reduction to revenue in the prior year, as a factor in the Software Platform increase.

3. 03

   AppLovin said net cash provided by operating activities was $1,061.5 million in 2023. It added that it used net cash of $1.6 billion in financing activities, including $1.2 billion for common stock repurchases.

4. 04

   The company said it had cash and cash equivalents of $502.2 million as of December 31, 2023, two term loans with an outstanding balance of $1.5 billion each, and $418.7 million of unused commitment under its Revolving Credit Facility.

Key figures

Fiscal year ended December 31, 2023

Revenue

$3.3B

Operating income

$648M

Net income

$357M

EPS

$0.98

Operating cash flow

$1.1B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.