AppLovin Corporation


SKU: APP Category:


AppLovin Corporation delivered an all-around beat in the previous quarter, experiencing substantial year-over-year and quarter-over-quarter revenue growth. The software platform witnessed a phenomenal 65% year-over-year surge, achieving a $2 billion run rate. As part of the portfolio optimization program, the apps sector marked its first quarter of quarter-over-quarter revenue growth, generating a total revenue of $864 million, surpassing guidance with an adjusted EBITDA of $490 million, up 63% year-over-year. The software platform, powered by AI-driven technologies, was pivotal in extending the reach and enhancing returns for advertising partners. In the app segment, revenue grew 5% sequentially to $360 million, representing the initial quarter of growth since the portfolio optimization initiative began. Looking ahead to Q4 2023, AppLovin’s team aims for continued growth, targeting revenue between $910 million and $930 million, adjusted EBITDA between $420 million and $440 million, with a margin between 46% and 47%. The quarter also saw strategic moves, including extending term loans to 2030 and adding Todd Morgenfeld to the Board.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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