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Project Makeover

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Documents about Project Makeover

Cover of AppLovin Form 10-Q: Q1 2023
Financial report1 page

AppLovin Form 10-Q: Q1 2023

AppLovin’s Q1 2023 financial report details a period of significant operational transition and improved fiscal performance.

  • AppLovin achieved $715.4 million in Q1 2023 revenue, a 14% year-over-year increase driven by the Software Platform segment.
  • Net loss narrowed significantly to $4.5 million in Q1 2023, compared to a $115.3 million loss in the same period of 2022.
  • The company generated $283.1 million in free cash flow while prioritizing Adjusted EBITDA margins by reducing user acquisition spending in the Apps segment.
AppLovinMay 2023