The company said revenue for the 3 months ended June 30, 2024 rose 44% year over year to $1.08 billion from $750.2 million a year earlier, and net income was $310.0 million (compared with $80.4 million in the prior-year period).

1. 01

   The company said revenue for the 3 months ended June 30, 2024 rose 44% year over year to $1.08 billion from $750.2 million a year earlier, and net income was $310.0 million (compared with $80.4 million in the prior-year period).

2. 02

   AppLovin said Software Platform Revenue for the 3 months ended June 30, 2024 increased $305.0 million (75%) year over year. It cited improved AppDiscovery performance as the driver, with net revenue per installation up 7% and installation volume up 77%.

3. 03

   The company said net cash provided by operating activities was $847.3 million in the 6 months ended June 30, 2024 (compared with $518.5 million a year earlier), and Free Cash Flow was $833.1 million (compared with $503.7 million).

4. 04

   The company said it repurchased 13,466,397 shares of Class A common stock for $752.2 million in the 6 months ended June 30, 2024. It also said net cash used in financing activities was $785.6 million, and proceeds from debt issuance were $1,072.3 million.

Key figures

Quarter ended June 30, 2024

Revenue

$1.1B

Operating income

$391M

Net income

$310M

EPS

$0.89

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.