AppLovin Corp. Class A ( (APP) ) has released its Q4 earnings. Here is a breakdown of the information AppLovin Corp. Class A presented to its investors.
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AppLovin Corporation is a prominent marketing platform providing software and AI solutions to help businesses connect with their ideal customers, primarily operating within the technology sector. The company recently disclosed impressive financial results for the fourth quarter and full year of 2024, showcasing significant growth and robust performance.
AppLovin reported a substantial increase in total revenue, reaching $4.7 billion for the year, a 43% rise compared to the previous year. The advertising segment was a key driver, with revenue surging by 75% year-over-year. Adjusted EBITDA also saw a marked improvement, increasing by 81% to $2.7 billion. Net income for the year was $1.58 billion, reflecting a remarkable 343% growth from 2023.
The company’s strategic focus on its advertising business is evident, as it now accounts for the majority of its revenue. The renaming of its ‘Software Platform’ segment to ‘Advertising’ aligns with this strategy. Additionally, AppLovin engaged in significant stock repurchases, retiring 25.7 million shares at a cost of $2.1 billion during 2024.
Looking ahead, AppLovin’s management remains optimistic about continued growth in the advertising sector, with first-quarter 2025 revenue expected to range between $1.355 billion and $1.385 billion. The company’s strategic emphasis on advertising, coupled with its strong financial footing, positions it well for future expansion and market opportunities.
