Charday Penn AppLovin (NASDAQ:APP) is a high-growth, newly profitable technology company that makes a number of advertising and streaming technology products for app developers and CTV makers. Assuming you saw the headline here and clicked, you may be wondering what the heck we are talking about, given that the firm doesn't fit the typical profile of a company ready to return capital to shareholders - it only recently turned the corner on net income, and still has many avenues available to invest capita ...

Klaus Vedfelt/DigitalVision via Getty Images Introduction A new year begins and with it many are looking forward to optimizing their portfolios for 2024. That's evident from the many recent trending articles we've seen on the site discussing 2024 allocations and top picks. January 2nd, 2024 Trending Analysis (Seeking Alpha) Avid readers likely recognize a few of these faces in the trending list. These "frequent fliers" have built an audience here at Seeking Alpha, with some over 100,000 followers, thr ...

Investors might want to bet on AppLovin (APP) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a ...

AppLovin Corporation (NASDAQ:APP) Q3 2023 Results Conference Call November 8, 2023 5:00 PM ET Company Participants David Hsiao - Head, IR Adam Foroughi - Co-Founder, CEO and Chairperson Herald Chen - President and CFO Conference Call Participants Ralph Schackart - William Blair Clark Lampen - BTIG Franco Granda - D.A. Davidson Martin Yang - OpCo Matt Cost - Morgan Stanley Omar Dessouky - BofA David Hsiao Welcome, everyone, to the AppLovin Earnings Call for the Third Quarter ended September 30, 2023. I’m Dav ...

Revenue Performance - Revenue for the three months ended September 30, 2023 increased by 21% to $864.3 million compared to $713.1 million in the same period in 2022[133] - Revenue for the nine months ended September 30, 2023 increased by 10% to $2.33 billion compared to $2.11 billion in the same period in 2022[133] Software Platform Revenue - Software Platform Revenue for the three months ended September 30, 2023 increased by 65% to $504.5 million compared to $306.6 million in the same period in 2022[141] - Software Platform Revenue for the nine months ended September 30, 2023 increased by 70% to $1.27 billion compared to $743.0 million in the same period in 2022[141] Apps Revenue - Apps Revenue for the three months ended September 30, 2023 decreased by 11% to $359.8 million compared to $406.5 million in the same period in 2022[141] - Apps Revenue for the nine months ended September 30, 2023 decreased by 22% to $1.06 billion compared to $1.37 billion in the same period in 2022[141] Cost of Revenue - Cost of revenue for the three months ended September 30, 2023 decreased by 12% to $265.0 million compared to $301.0 million in the same period in 2022[143] - Cost of revenue for the nine months ended September 30, 2023 decreased by 11% to $785.6 million compared to $886.7 million in the same period in 2022[143] Net Income - Net income for the three months ended September 30, 2023 was $108.6 million compared to $23.7 million in the same period in 2022[133] - Net income for the nine months ended September 30, 2023 was $184.5 million compared to a net loss of $113.4 million in the same period in 2022[133] Operating Expenses - Sales and marketing expenses increased by $15.6 million (8%) in Q3 2023 compared to Q3 2022, primarily due to a $17.1 million increase in personnel-related expenses[144] - Research and development expenses increased by $37.2 million (31%) in Q3 2023 compared to Q3 2022, driven by a $48.9 million increase in stock-based compensation[145] - General and administrative expenses decreased by $2.8 million (6%) in Q3 2023 compared to Q3 2022, primarily due to a $5.0 million decrease in acquisition-related expenses[146] Interest and Debt - Interest expense and loss on settlement of debt increased by $30.0 million (62%) in Q3 2023 compared to Q3 2022, due to higher interest rates on outstanding debt[147] - Interest income and other, net increased by $0.5 million (54%) in Q3 2023 compared to Q3 2022, driven by a $5.0 million increase in interest income on cash and cash equivalents[148] - The company refinanced $1.7 billion in term loans in August 2023, with a new maturity date of August 16, 2030 and an interest rate floor of 50 basis points for Term SOFR Loans[159] - As of September 30, 2023, $418.7 million was available to be drawn from the revolving credit facility[159] - The company's interest rate risk management strategy includes pay-fixed receive-variable interest rate swap agreements, with a hypothetical 100 basis point change in interest rates not having a material impact on cash interest expense[164] Taxes - Provision for income taxes increased by $22.6 million (103%) in Q3 2023 compared to Q3 2022, primarily due to higher pre-tax book income[149] Adjusted EBITDA - Software Platform Adjusted EBITDA increased by $173.9 million (91%) in Q3 2023 compared to Q3 2022, driven by a $197.9 million increase in Software Platform revenue[151] - Apps Adjusted EBITDA decreased by $12.2 million (18%) in Q3 2023 compared to Q3 2022, primarily due to a $46.7 million decrease in Apps Revenue[151] - Software Platform Adjusted EBITDA increased by $233.1 million (37%) in the nine months ended September 30, 2023, driven by a $522.3 million increase in Software Platform revenue[152] Cash Flow and Liquidity - Cash and cash equivalents stood at $332.5 million as of September 30, 2023, sufficient to cover anticipated needs for the next 12 months[153] - Net cash provided by operating activities for the nine months ended September 30, 2023 was $717.5 million, compared to $249.6 million in the same period in 2022[155] - Net cash used in investing activities for the nine months ended September 30, 2023 was $71.0 million, primarily due to $51.8 million in earn-out payments and $16.9 million in purchases of non-marketable equity securities[156] - Net cash used in financing activities for the nine months ended September 30, 2023 was $1,392.3 million, primarily due to $1,153.6 million in stock repurchases and $490.5 million in debt repayments[157] - The company repurchased 46,665,285 shares of Class A common stock for $1,153.6 million during the nine months ended September 30, 2023[158]

AppLovin Corporation (NASDAQ:APP) Q2 2023 Earnings Conference Call August 9, 2023 5:00 PM ET Company Participants David Hsiao - Head, Investor Relations Adam Foroughi - Founder, CEO and Chairperson Herald Chen - President and CFO Conference Call Participants Ralph Schackart - William Blair Franco Granda - D.A. Davidson Martin Yang - OpCo Bernie McTernan - Needham David Karnovsky - JPMorgan Luke Mott - Wolfe Research Operator Please standby, we are about to begin. David Hsiao Welcome everyone to the AppLovin ...

Financial Performance - Revenue for the three months ended June 30, 2023, declined 3% year-over-year to $750.2 million, down from $776.2 million in the same period of 2022[94] - Net income for the three months ended June 30, 2023, was $80.4 million, compared to a net loss of $21.8 million in the same period of 2022[94] - Adjusted EBITDA for the three months ended June 30, 2023, was $333.5 million, an increase from $269.7 million in the same period of 2022, resulting in an Adjusted EBITDA margin of 44.5%[106] - Total revenue for the three months ended June 30, 2023, was $750.165 million, a decrease of 3% compared to $776.231 million in the same period of 2022[133] - Software Platform Revenue increased by $88.5 million, or 28%, for the three months ended June 30, 2023, primarily due to a 38% increase in net revenue per installation[134] - In-App Purchases Revenue decreased by $69.6 million, or 23%, for the three months ended June 30, 2023, driven by a 17% decrease in the volume of in-app purchases[134] - Total costs and expenses for the three months ended June 30, 2023, were $618.837 million, down from $722.876 million in the same period of 2022[126] - The effective tax rate for the three months ended June 30, 2023, was 16.1%, compared to 226.5% in the same period of 2022[131] Cash Flow and Investments - Free Cash Flow for the six months ended June 30, 2023, was $503.7 million, significantly up from $62.4 million in the same period of 2022[94] - Net cash provided by operating activities for the six months ended June 30, 2023, was $518,456 thousand, compared to $75,092 thousand for the same period in 2022, indicating a significant increase[108] - Net cash used in investing activities was $(55.2) million for the six months ended June 30, 2023, significantly lower than $(1,351.7) million for the same period in 2022[152] - The company repurchased 30,880,452 shares of Class A common stock for an aggregate amount of $579.8 million during the six months ended June 30, 2023[154] - The company has $3.2 billion of outstanding indebtedness, with interest rate swap agreements fixing borrowing rates on a notional amount of $1.8 billion[160] User Engagement and Market Focus - Monthly Active Payers (MAPs) averaged 1.7 million for the three months ended June 30, 2023, down from 2.3 million in the same period of 2022[102] - Average Revenue Per Monthly Active Payer (ARPMAP) increased to $46 for the three months ended June 30, 2023, compared to $43 in the same period of 2022[102] - In Q2 2023, 42% of revenue from Software Platform and IAA Revenue clients was generated from outside the United States, highlighting the company's global market focus[113] - The company continues to focus on acquiring new clients globally, with significant opportunities outside of mobile gaming as its Core Technologies are relevant to the broader mobile app ecosystem[113] Strategic Initiatives - The company plans to continue expanding its portfolio of apps and enhancing user engagement to drive future revenue growth[94] - The company rolled out its latest AI-based advertising engine, AXON 2.0, in Q2 2023, which improved AppDiscovery performance and returns for advertisers[111] - The company plans to continue investing in research and development to enhance its Core Technologies and Software Platform, expecting R&D expenses to increase in absolute dollars over the long term[122] - The company has performed a strategic review of its Apps portfolio, resulting in divestitures and a focus on optimizing cost structures, which has improved Apps Adjusted EBITDA margin[114] Economic and Regulatory Environment - Current economic conditions, including inflation and rising interest rates, have led to cautious spending from clients, impacting the mobile gaming and app market[118] - The company anticipates that changes in third-party platform policies, such as those from Apple and Google, could adversely affect its business and results of operations[117] Expenses and Cost Management - Sales and marketing expenses decreased by $39.7 million, or 17%, in Q2 2023 compared to Q2 2022, primarily due to a $38.7 million reduction in user acquisition costs[138] - Research and development expenses for the three months ended June 30, 2023, were $137.424 million, slightly up from $141.108 million in the same period of 2022[126] - General and administrative expenses decreased by $15.3 million, or 34%, in Q2 2023 compared to Q2 2022, primarily due to a $13.7 million reduction in personnel-related expenses[141] - Interest expense increased by $14.5 million, or 40%, in Q2 2023 compared to Q2 2022, primarily due to higher interest rates on outstanding debt[142] - Interest income and other, net increased by $14.9 million in Q2 2023 compared to Q2 2022, driven by a $10.4 million increase in interest income from cash and cash equivalents[143] - Provision for income taxes decreased by $23.7 million, or 61%, in Q2 2023 compared to Q2 2022, primarily due to lower non-deductible stock-based compensation expenses[144]

AppLovin Corporation (NASDAQ:APP) Q1 2023 Earnings Conference Call May 10, 2023 5:00 PM ET Company Participants David Hsiao - Head of IR Adam Foroughi - CEO & Co-Founder Herald Chen - President & CFO Conference Call Participants Martin Yang - Oppenheimer Ralph Schackart - William Blair David Pang - Stifel Franco Granda - D.A. Davidson David Hsiao Welcome, everyone, to the AppLovin earnings call for the first quarter ended March 31, 2023. I'm David Hsiao, Head of Investor Relations. Joining me today to discu ...

Table of contents Title of each class Trading Symbol(s) Name of each exchange on which registered Class A common stock, par value $0.00003 per share APP The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the tra ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40325 AppLovin Corporation (Exact name of registrant as specified in its charter) Delaware 45-3264542 (State or other jurisdiction of inc ...