$APP (+1,47ย %)
| AppLovin Q3 Earnings Highlights:
๐น Revenue: $1.20B (Est. $1.13B) ๐ข; UP +39% YoY
๐น EPS: $1.25 (Est. $0.92) ๐ข;
๐น Net Income: $434M; UP +300% YoY
๐น Net Margin: 36%, improved from 13% in Q3 2023
Q4 Guidance
๐น Revenue: $1.24B - $1.26B (Est. $1.18B) ๐ข
๐น Adjusted EBITDA: $740M - $760M
๐น Adjusted EBITDA Margin: 60%
Q3 Software Platform (Advertising):
๐น Revenue: $835M; UP +66% YoY
๐น Adjusted EBITDA Margin: 78%
Apps:
๐น Revenue: $363M; UP +1% YoY
Other Financial Metrics
๐น Adjusted EBITDA: $722M; UP +72% YoY
๐น Adjusted EBITDA Margin: 60%, improved from 49% in Q3 2023
๐น Free Cash Flow: $545M; UP +182% YoY
๐น Monthly Active Payers: 1.6M (DOWN from 1.8M in Q3 2023)
๐น Average Revenue per Monthly Active Payer: $52; UP from $46 in Q3 2023
Business Highlights
๐ธ Software Platform (Advertising) now accounts for the majority of platform revenue, showing substantial growth.
๐ธ Enhanced AXON models through self-learning and technology improvements support greater advertising scale for partners.
๐ธ Board approved a $2.0B increase in share repurchase authorization.
CEO Commentary
๐ธ "We had another fantastic quarter with our AXON models, driven by technology advancements that enable partners to scale effectively. We are proud to play a role in reinvigorating growth within the industry."