Applovin(APP) - 2025 Q3 - Quarterly Results

Financial Performance - Revenue for Q3 2025 was $1,405 million, a 68% increase from $835 million in Q3 2024[2] - Net income for Q3 2025 reached $836 million, up 92% from $434 million in Q3 2024[2] - Adjusted EBITDA for Q3 2025 was $1,158 million, reflecting a 79% increase compared to $647 million in Q3 2024[2] - Revenue for Q3 2025 reached $1,405,045, a 68% increase from $835,186 in Q3 2024[18] - Net income for the nine months ended September 30, 2025, was $2,231,495, compared to $980,572 for the same period in 2024, reflecting a 127% increase[19] - Adjusted EBITDA for Q3 2025 was $1,157,654, representing a 79% increase from $647,017 in Q3 2024[21] - Basic net income per share for Q3 2025 was $2.47, compared to $1.29 in Q3 2024, reflecting a 92% increase[18] Cash Flow and Operating Activities - Net cash from operating activities and Free Cash Flow for Q3 2025 were both $1.05 billion[5] - The net cash provided by operating activities for the nine months ended September 30, 2025, was $2,657,360, up from $1,398,008 in 2024[19] - Free Cash Flow for Q3 2025 was $1,048,999, compared to $545,095 in Q3 2024, indicating a 92% increase[20] - Cash and cash equivalents at the end of Q3 2025 were $1,666,899, significantly higher than $567,596 at the end of Q3 2024[19] Shareholder Actions - The company repurchased 1.3 million shares of Class A common stock for a total cost of $571 million during Q3 2025[5] - The board of directors increased the share repurchase authorization by $3.2 billion, bringing the total remaining authorization to $3.3 billion[5] Assets and Liabilities - Total assets as of September 30, 2025, were $6,343 million, compared to $5,869 million as of December 31, 2024[17] - Total liabilities as of September 30, 2025, were $4,869 million, an increase from $4,779 million as of December 31, 2024[17] - Retained earnings increased to $1,048 million as of September 30, 2025, up from $599 million as of December 31, 2024[17] Costs and Expenses - Total costs and expenses for Q3 2025 were $326,038, compared to $300,887 in Q3 2024, an 8% increase[18] Other Financial Metrics - The company reported a net margin of 59% for Q3 2025, up from 52% in Q3 2024[21] - The company incurred a goodwill impairment of $188,943 in the nine months ended September 30, 2025[19]