AppLovin said revenue for the 3 months ended June 30, 2025 increased 77% to $1.3 billion from $711.0 million in the same period in the prior year, driven primarily by improved AppDiscovery performance, where net revenue per installation increased 70% and the volume of installations increased 8%.

1. 01

   AppLovin said revenue for the 3 months ended June 30, 2025 increased 77% to $1.3 billion from $711.0 million in the same period in the prior year, driven primarily by improved AppDiscovery performance, where net revenue per installation increased 70% and the volume of installations increased 8%.

2. 02

   The company completed the sale of its Apps Business to Tripledot on June 30, 2025 for $400 million in cash, subject to closing adjustments, and equity consideration representing approximately 20% of Tripledot's fully-diluted equity at the time of closing. Following the sale, it operates as a single operating and reportable segment, with the Apps Business presented as discontinued operations.

3. 03

   AppLovin said net income from continuing operations for the 3 months ended June 30, 2025 was $771.9 million, compared to $301.0 million in the prior year, and net income was $819.5 million, compared to $310.0 million in the prior year. Adjusted EBITDA was $1.0 billion, compared to $511.2 million in the prior year.

4. 04

   The company said net cash provided by operating activities for the 6 months ended June 30, 2025 was $1,603.9 million, and net cash used in financing activities was $1,539.6 million, which included $1.3 billion in share repurchases. As of June 30, the remaining authorization under the share repurchase program was $1.0 billion.

Key figures

Quarter ended June 30, 2025

Revenue

$1.3B

Operating income

$958M

Net income

$820M

EPS

$2.39

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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