Revenue Growth - Revenue increased 39% year-over-year to $1.20 billion for the three months ended September 30, 2024, compared to $864.3 million in the same period in 2023[68] - Total Revenue for Q3 2024 was $1.198 billion, a 39% increase compared to Q3 2023, with Software Platform Revenue contributing $835.2 million, up 66% year-over-year[101] - Revenue for the nine months ended September 30, 2024, was $3,336,469 thousand, compared to $2,329,826 thousand in the same period in 2023[96] - Total Revenue for the nine months ended September 30, 2024, was $3.336 billion, a 43% increase compared to the same period in 2023[101] Net Income and Profitability - Net income for the three months ended September 30, 2024, was $434.4 million, up from $108.6 million in the same period in 2023[68] - Net income for the nine months ended September 30, 2024, was $980,572 thousand, compared to $184,478 thousand in the same period in 2023[96] - Adjusted EBITDA for the three months ended September 30, 2024, was $721.6 million, compared to $419.3 million in the same period in 2023[68] - Adjusted EBITDA margin was 60.2% for the three months ended September 30, 2024, compared to 48.5% in the same period in 2023[79] - Software Platform Adjusted EBITDA increased by $289.3 million (79%) in the three months ended September 30, 2024, and $810.2 million (95%) in the nine months ended September 30, 2024, compared to the same periods in 2023, driven by higher revenue[114] - Apps Adjusted EBITDA increased by $13.0 million (24%) in the three months ended September 30, 2024, and $34.9 million (20%) in the nine months ended September 30, 2024, compared to the same periods in 2023, driven by higher revenue and lower user acquisition costs[114] Revenue Composition - Software Platform Revenue represented 70% of total revenue, while Apps Revenue accounted for 30% for the three months ended September 30, 2024[69] - In-app purchase (IAP) revenue represented 68% of total Apps Revenue, while in-app advertising (IAA) revenue accounted for 32% for the three months ended September 30, 2024[72] - 47% of revenue from Software Platform and IAA Revenue clients was generated from outside the United States during the three months ended September 30, 2024[86] - Software Platform Revenue increased by $330.7 million, or 66%, in Q3 2024 compared to Q3 2023, driven by improved AppDiscovery performance with a 22% increase in net revenue per installation and a 39% increase in installation volume[101] - Apps Revenue for Q3 2024 increased by $3.2 million compared to Q3 2023, with In-App Advertising Revenue up $4.2 million (4%) due to an 8% increase in advertising impressions[101] - Software Platform Revenue for the nine months ended September 30, 2024, increased by $959.3 million (76%) compared to the same period in 2023, driven by a 64% increase in installation volume and an 11% increase in net revenue per installation[101] - Apps Revenue for the nine months ended September 30, 2024, increased by $47.3 million (4%) compared to the same period in 2023, with In-App Advertising Revenue up $23.5 million (7%) due to a 53% increase in advertising impressions[102] User Metrics - The company had 1.6 million Monthly Active Payers (MAPs) with an Average Revenue Per Monthly Active Payer (ARPMAP) of $52 for the three months ended September 30, 2024[72] - The company's Software Platform provides access to over 1.4 billion daily active users[71] - The Software Platform provides advertisers with access to over 1.4 billion daily active users[85] Expenses and Costs - Cost of Revenue for Q3 2024 increased by $4.6 million (2%) compared to Q3 2023, primarily due to a $27.9 million increase in network infrastructure expenses, offset by a $23.4 million decrease in amortization of intangible assets[103] - Sales and Marketing expenses for Q3 2024 decreased by $6.6 million (3%) compared to Q3 2023, primarily due to a $9.7 million reduction in user acquisition costs[104] - Research and Development expenses for Q3 2024 decreased by $9.3 million (6%) compared to Q3 2023, driven by reduced stock-based compensation related to PSUs[105] - General and Administrative expenses for Q3 2024 decreased by $3.4 million (8%) compared to Q3 2023, primarily due to a $5.9 million reduction in bad debt expense[108] - Research and development expenses for the nine months ended September 30, 2024, were $469,209 thousand, compared to $441,563 thousand in the same period in 2023[96] - Sales and marketing expenses for the nine months ended September 30, 2024, were $634,547 thousand, compared to $607,755 thousand in the same period in 2023[96] - General and administrative expenses for the nine months ended September 30, 2024, were $120,880 thousand, compared to $116,231 thousand in the same period in 2023[96] Cash Flow and Financial Position - Free Cash Flow for the nine months ended September 30, 2024, was $1.38 billion, up from $697.3 million in the same period in 2023[80] - Net cash provided by operating activities for the nine months ended September 30, 2024, was $1,398,008 thousand, compared to $717,522 thousand in the same period in 2023[81] - Free Cash Flow for the nine months ended September 30, 2024, was $1,378,198 thousand, compared to $697,329 thousand in the same period in 2023[81] - Net cash provided by operating activities was $1,398.0 million for the nine months ended September 30, 2024, compared to $717.5 million in the same period in 2023, driven by higher net income and non-cash adjustments[118] Investments and Acquisitions - The company has invested approximately $4.1 billion in 33 strategic acquisitions and partnerships from the beginning of 2018 through September 30, 2024[87] - The company committed to spend a minimum of $1.26 billion over three years under an amended agreement with a cloud services provider as of September 30, 2024[124] Share Repurchases - The company repurchased 16,081,408 shares of Class A common stock for $981.3 million during the nine months ended September 30, 2024, and authorized an additional $2.0 billion share repurchase program in October 2024[122] Interest and Other Income - Interest expense decreased by $3.4 million (4%) in the three months ended September 30, 2024, compared to the same period in 2023, primarily due to a $4.3 million loss on debt settlement in the prior year[109] - Interest expense increased by $20.0 million (10%) in the nine months ended September 30, 2024, compared to the same period in 2023, driven by a $15.8 million net gain from interest rate swaps in the prior year and increased debt outstanding[109] - Other income, net increased by $6.5 million in the three months ended September 30, 2024, compared to the same period in 2023, primarily due to third-party costs related to term loan refinancing in the prior year[110][111] - Other income, net decreased by $7.6 million (28%) in the nine months ended September 30, 2024, compared to the same period in 2023, driven by lower interest income due to reduced interest rates and cash balances[111] Taxes - Provision for income taxes increased by $32.7 million in the three months ended September 30, 2024, and $63.1 million (367%) in the nine months ended September 30, 2024, compared to the same periods in 2023, driven by higher pre-tax income and global intangible low-taxed income[113] Accounting and Financial Reporting - No material changes to critical accounting policies and estimates during the nine months ended September 30, 2024[125] - Financial statements prepared in accordance with GAAP, requiring estimates and assumptions affecting reported amounts[125] - Estimates based on historical experience and reasonable factors, evaluated on an ongoing basis[125] - No material changes in market risk from the information presented in the Annual Report for the year ended December 31, 2023[128] Apps Portfolio - The portfolio of Apps consists of over 200 free-to-play mobile games across five genres, run by ten studios[68]

Revenue Performance - Q3 revenue reached $1.20 billion, a 39% year-over-year increase[3] - Software Platform revenue increased 66% year-over-year to $835 million[4] - Apps revenue grew 1% year-over-year to $363 million, with Apps Adjusted EBITDA at $68 million and a 19% margin[9] - Total revenue for Q3 2024 was $1,198,235 thousand, up from $864,256 thousand in Q3 2023[35] - Revenue for 3Q24 was $1,198,235 thousand, a significant increase from $864,256 thousand in 3Q23[40] - Software Platform revenue for 3Q24 was $835,186 thousand, up from $504,452 thousand in 3Q23[42] - Apps revenue for 3Q24 was $363,049 thousand, slightly down from $359,804 thousand in 3Q23[42] Net Income and Profitability - Net income surged to $434 million, a 300% year-over-year growth with a net margin of 36%[3] - Net income for Q3 2024 was $434,420 thousand, compared to $108,639 thousand in Q3 2023[35] - Net income for 3Q24 was $434,420 thousand, compared to $108,639 thousand in 3Q23[40] Adjusted EBITDA Performance - Adjusted EBITDA grew 72% year-over-year to $722 million, with an Adjusted EBITDA margin of 60%[3] - Software Platform Adjusted EBITDA expanded 79% year-over-year to $653 million, with an Adjusted EBITDA margin of 78%[4] - Adjusted EBITDA and Adjusted EBITDA margin are key measures used to assess financial performance and for internal planning and forecasting[25] - Adjusted EBITDA for 3Q24 reached $721,616 thousand, with a margin of 60%[40] - Segment Adjusted EBITDA for Software Platform in 3Q24 was $653,396 thousand, up from $364,117 thousand in 3Q23[42] - Segment Adjusted EBITDA for Apps in 3Q24 was $68,220 thousand, up from $55,174 thousand in 3Q23[42] Share Repurchase and Capital Allocation - The company retired and withheld 5.0 million shares of Class A common stock for a total cost of $437 million[5] - The board increased the share repurchase authorization by an incremental $2.0 billion, bringing the total remaining authorization to $2.3 billion[5] Cash Flow and Financial Position - Cash and cash equivalents increased to $567,596 thousand as of September 30, 2024, from $502,152 thousand at the end of 2023[33] - Net cash provided by operating activities for the nine months ended September 30, 2024, was $1,398,008 thousand, up from $717,522 thousand in the same period of 2023[37] - Free Cash Flow for 3Q24 was $545,095 thousand, up from $193,607 thousand in 3Q23[38] - Net cash used in investing activities for 3Q24 was $6,396 thousand, down from $15,833 thousand in 3Q23[38] - Net cash used in financing activities for 3Q24 was $441,075 thousand, down from $724,154 thousand in 3Q23[38] Assets and Liabilities - Total assets as of September 30, 2024, were $5,442,484 thousand, up from $5,359,187 thousand at the end of 2023[33] - Total liabilities as of September 30, 2024, were $4,504,278 thousand, compared to $4,102,858 thousand at the end of 2023[32] User Metrics - Monthly Active Payers (MAPs) for Q3 2024 were 1.6 million, down from 1.8 million in Q3 2023[30] - Average Revenue per Monthly Active Payer (ARPMAP) increased to $52 in Q3 2024 from $46 in Q3 2023[30] Future Guidance - Q4 revenue guidance is projected to be between $1,240 to $1,260 million[8] - Q4 Adjusted EBITDA is expected to range from $740 to $760 million, with an Adjusted EBITDA margin of 60%[8]

The business is booming, and Wall Street is taking notice.Shares of mobile-app monetization company AppLovin (APP 4.54%) soared 29.8% in October, according to data provided by S&P Global Market Intelligence. It's a big move, considering the company didn't report financial results or make any other announcements. Rather, the stock was moving higher thanks to Wall Street.For context, AppLovin had a market capitalization of just $3 billion in early 2023. That's too small to garner much attention from the analy ...

AppLovin Corporation (APP) will report its third-quarter 2024 results on Nov. 6, after the bell.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for earnings in the to-be-reported quarter stands at 95 cents, indicating 216.7% growth from the year-ago reported quarter. The consensus estimate for revenues stands at $1.13 billion, implying 30.8% year-over-year growth.One estimate for the to-be-reported quarter has been revised upwards over the past 30 days v ...

your_photo/iStock via Getty Images Last week wrapped up quarterly earnings for most Mag 7 tech stocks (we still need to wait for numbers from the semiconductor king of the group - NVIDIA Corporation (NVDA) - which is set to report on Nov. 20). Investing Group leaders had a lot of say about the performances, and some made big calls regarding how these tech titans will perform long term. Cestrian Capital Research on Meta Platorms, Inc. (META): The social media giant delivered another strong quarter. Cestr ...

While Nvidia's spectacular surge remains the biggest story in the technology industry, the AI chipmaker's performance on the market has been dwarfed this year by a digital advertising company with a specialty in gaming.AppLovin has soared 310% in 2024, beating every U.S. tech company with a market cap of at least $5 billion, according to FactSet data. Nvidia, which has led the artificial intelligence boom and become the world's second-most valuable public company, is up 173% this year.Founded 12 years ago, ...

AppLovin TodayAPPAppLovin$163.53 -5.86 (-3.46%) 52-Week Range$35.79▼$174.46P/E Ratio69.59Price Target$136.78Add to WatchlistAppLovin NASDAQ: APP stock has had an incredible uptick in 2024, with shares over quadrupling in value. Despite its massive rise, Wall Street analysts are still projecting upside in the tech stock. In October, six of the eight analyst price target changes MarketBeat has tracked are above the current share price. So, what exactly does AppLovin do, and why is the market in love with this ...

Wall Street analysts forecast that AppLovin (APP) will report quarterly earnings of $0.95 per share in its upcoming release, pointing to a year-over-year increase of 216.7%. It is anticipated that revenues will amount to $1.13 billion, exhibiting an increase of 30.8% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 1.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed t ...

Have you been paying attention to shares of AppLovin (APP) ? Shares have been on the move with the stock up 27.3% over the past month. The stock hit a new 52-week high of $166.74 in the previous session. AppLovin has gained 317% since the start of the year compared to the 18.3% move for the Zacks Business Services sector and the 39.4% return for the Zacks Technology Services industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't missed our earn ...

The latest trading session saw AppLovin (APP) ending at $158.95, denoting a +0.06% adjustment from its last day's close. The stock outpaced the S&P 500's daily loss of 0.05%. Elsewhere, the Dow lost 0.02%, while the tech-heavy Nasdaq added 0.18%.Coming into today, shares of the mobile app technology company had gained 25.95% in the past month. In that same time, the Business Services sector gained 3.48%, while the S&P 500 gained 2.76%.The investment community will be paying close attention to the earnings p ...