Applovin(APP) - 2024 Q4 - Annual Results

Revenue Performance - Advertising revenue for Q4 2024 reached $999.5 million, a 73% increase from $576.5 million in Q4 2023[2] - Total revenue for the full year 2024 was $4.71 billion, up 43% from $3.28 billion in 2023[2] - Revenue for Q4 2024 reached $1,372,779, a 44% increase from $953,261 in Q4 2023[18] - Full-year revenue for 2024 was $4,709,248, up 43% from $3,283,087 in 2023[18] - Advertising segment revenue for Q4 2024 was $999,487, up 73% from $576,489 in Q4 2023[24] Net Income and Profitability - Net income for Q4 2024 was $599.2 million, representing a 248% increase compared to $172.2 million in Q4 2023[2] - Net income for Q4 2024 was $599,204, compared to $172,233 in Q4 2023, representing a 248% increase[18] - The company reported a net margin of 44% for Q4 2024, significantly higher than 18% in Q4 2023[22] Cash Flow and Financial Health - Free cash flow for the full year 2024 was $2.1 billion, with Q4 free cash flow at $695 million[5] - Total cash provided by operating activities for 2024 was $2,099,011, an increase of 97% from $1,061,510 in 2023[20] - Free Cash Flow for 2024 was $2,073,360, compared to $1,037,094 in 2023, reflecting a 100% increase[21] - Cash and cash equivalents as of December 31, 2024, were $741.4 million, up from $502.2 million in 2023[17] - The cash and cash equivalents at the end of 2024 were $741,411, up from $502,152 at the end of 2023[20] Share Repurchase and Debt Management - The company repurchased 1.6 million shares in Q4 2024 at a cost of $0.5 billion, totaling 25.7 million shares repurchased for $2.1 billion in the full year[5] - Principal repayments of debt in 2024 totaled $4,225,223, compared to $497,994 in 2023[20] Future Outlook - The company expects Q1 2025 total revenue to be between $1.355 billion and $1.385 billion[3] Segment Changes - The company has renamed its "Software Platform" segment to "Advertising" to better align with its core business focus[3] Asset Growth - Total assets increased to $5.87 billion in 2024 from $5.36 billion in 2023[17] Adjusted EBITDA - Adjusted EBITDA for Q4 2024 was $848 million, an increase of 78% from $476.2 million in Q4 2023[2] - Adjusted EBITDA for 2024 was $2,719,605, a 81% increase from $1,502,658 in 2023[22]