AppLovin Q1 2024 Earnings Report

AppLovin EPS Results

• Actual EPS: $0.67
• Consensus EPS: $0.57
• Beat/Miss: Beat by +$0.10
• One Year Ago EPS: -$0.01

AppLovin Revenue Results

• Actual Revenue: $1.06 billion
• Expected Revenue: $973.70 million
• Beat/Miss: Beat by +$84.42 million
• YoY Revenue Growth: +47.90%

AppLovin Announcement Details

• Quarter: Q1 2024
• Date: 5/8/2024
• Time: After Market Closes

AppLovin (NASDAQ:APP) engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products. It also offers SparkLabs, which uses app store optimization to enhance ad visibility; AppLovin Exchange, which connects buyers to mobile and CTV devices through a single and direct RTB exchange; and Array, an end-to-end app management suite for mobile operators and end users. In addition, the company operates various free-to-play mobile games. It serves individuals, small and independent businesses, enterprises, advertisers and advertising networks, mobile app publishers, indie studio developers, and internet platforms. AppLovin Corporation was incorporated in 2011 and is headquartered in Palo Alto, California.