AppLovin said revenue for the 3 months ended March 31, 2025 increased 40% year-over-year to $1.5 billion, net income was $576.4 million compared with $236.2 million in the prior-year period, and Free Cash Flow was $825.7 million compared with $387.6 million in the prior-year period.

1. 01

   AppLovin said revenue for the 3 months ended March 31, 2025 increased 40% year-over-year to $1.5 billion, net income was $576.4 million compared with $236.2 million in the prior-year period, and Free Cash Flow was $825.7 million compared with $387.6 million in the prior-year period.

2. 02

   The company said Advertising Revenue for Q1 2025 increased $480.6 million, or 71%, citing as primary factors a 49% increase in net revenue per installation and a 22% increase in installation volume for AppDiscovery. Apps Revenue decreased $54.7 million, or 14%.

3. 03

   AppLovin said it repurchased 2,931,609 shares of Class A common stock for $1.0 billion during Q1 2025, borrowed $200.0 million under its revolving credit facility in March to fund the repurchases, and repaid $100.0 million in each of April and May.

4. 04

   The company said it entered into a Purchase Agreement with Tripledot on May 7, 2025 to sell its Gaming Business. The consideration consists of $400.0 million in cash, comprised of $150.0 million to be paid at closing and a $250.0 million secured promissory note, and ordinary shares of Tripledot representing approximately 20% of its fully-diluted equity capitalization at closing.

Key figures

Quarter ended March 31, 2025

Revenue

$1.5B

Operating income

$663M

Net income

$576M

EPS

$1.67

Operating cash flow

$832M

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.