The company said its revenue for the 3-month period ended September 30, 2024 rose 39% year over year to $1.20 billion, from $864.3 million a year earlier. Over the same period, net income was $434.4 million (versus $108.6 million a year earlier), and Adjusted EBITDA was $721.6 million (versus $419.3 million a year earlier).

1. 01

   The company said its revenue for the 3-month period ended September 30, 2024 rose 39% year over year to $1.20 billion, from $864.3 million a year earlier. Over the same period, net income was $434.4 million (versus $108.6 million a year earlier), and Adjusted EBITDA was $721.6 million (versus $419.3 million a year earlier).

2. 02

   AppLovin said Software Platform Revenue for Q3 increased $330.7 million, or 66%, from the year-earlier period. It cited improved AppDiscovery performance as the driver, with net revenue per installation up 22% and installation volume up 39%.

3. 03

   The company said net cash provided by operating activities was $1.40 billion for the 9 months ended September 30, 2024 (versus $717.5 million a year earlier), and Free Cash Flow was $1.38 billion (versus $697.3 million a year earlier).

4. 04

   AppLovin said it repurchased 16,081,408 shares of its Class A common stock for $981.3 million, including commissions, during the 9 months ended September 30, 2024. Its board of directors approved an increase of up to $2.0 billion to the repurchase program on October 2024, and quarterly repurchases are subject to limits, including a cap tied to the prior quarter's Free Cash Flow amount.

Key figures

Quarter ended September 30, 2024

Revenue

$1.2B

Operating income

$535M

Net income

$434M

EPS

$1.25

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

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