🔹 Revenue: $1.48B (Est. $1.38B) 🟢; +40% YoY
🔹 Adj. EPS: $1.67 (Est. $1.42) 🟢
🔹 Adj. EBITDA: $1.01B; +83% YoY
Strategic Update
🔸 Divestiture: AppLovin entered into a definitive agreement to sell its mobile gaming business to Tripledot Studios for: $400M in cash; ~20% ownership stake in Tripledot common equity; Deal expected to close in Q2 2025, subject to regulatory approvals
Q1 Advertising
🔹 Revenue: $1.16B; +71% YoY
🔹 Adj. EBITDA: $943M; +92% YoY
🔹 Margin: 81%
Apps (Gaming)
🔹 Revenue: $325M; -14% YoY
🔹 Adj. EBITDA: $62M; +9% YoY
🔸 Focus shift continues toward being a pure-play marketing and ad tech platform
Cash Flow & Capital Returns
🔹 Operating Cash Flow: $832M
🔹 Free Cash Flow: $826M
🔹 Share Repurchase: 3.4M shares repurchased in Q1 for $1.2B
🔹 Total Shares Outstanding: 338M (Class A + B)
CEO Commentary (Implied)
🔸 Exceptional growth driven by ad platform strength and margin expansion
🔸 Strategic realignment solidifies AppLovin as a high-growth, high-margin software business post divestiture
🔸 Capital returns reflect strong confidence in long-term trajectory
