AppLovin reported Q3 2024 revenue of $1.20 billion, a 39% year-over-year increase, with net income surging 300% to $434 million.
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The Software Platform segment drove the majority of growth, generating $835 million in revenue (+66%) and achieving a 78% Adjusted EBITDA margin.
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Adjusted EBITDA reached $722 million for the quarter, representing a 72% year-over-year increase and a 60% margin.
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The company generated $545 million in free cash flow, a 170% increase over the previous year, and authorized an additional $2.0 billion for share repurchases.
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Q4 2024 guidance projects total revenue between $1.24 billion and $1.26 billion, with Adjusted EBITDA expected to remain at a 60% margin.
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The Apps segment remained stable with $363 million in revenue, reflecting only 1% growth compared to the previous year.
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AppLovin plans to rename its Software Platform segment to “Advertising” in future financial filings.
Insights
01
AppLovin reported Q3 2024 revenue of $1.20 billion, a 39% year-over-year increase, with net income surging 300% to $434 million.
02
The Software Platform segment drove the majority of growth, generating $835 million in revenue (+66%) and achieving a 78% Adjusted EBITDA margin.
03
Adjusted EBITDA reached $722 million for the quarter, representing a 72% year-over-year increase and a 60% margin.
04
The company generated $545 million in free cash flow, a 170% increase over the previous year, and authorized an additional $2.0 billion for share repurchases.
05
Q4 2024 guidance projects total revenue between $1.24 billion and $1.26 billion, with Adjusted EBITDA expected to remain at a 60% margin.
06
The Apps segment remained stable with $363 million in revenue, reflecting only 1% growth compared to the previous year.
07
AppLovin plans to rename its Software Platform segment to “Advertising” in future financial filings.