The earnings call conveyed a strong positive sentiment with significant revenue and earnings growth, successful advancements in technology, and promising results from the e-commerce pilot. Although there were slight concerns about future flow-through reductions and limited growth in the Apps segment, these were outweighed by the overall positive performance and strategic initiatives.

Company Guidance

During the Q3 2024 earnings call for AppLovin, the company provided financial guidance that highlighted expected revenue between $1.24 billion and $1.26 billion for the fourth quarter, with adjusted EBITDA projected to range from $740 million to $760 million, aiming for an adjusted EBITDA margin of 60%. The company reported a strong Q3 performance with total revenue reaching $1.2 billion and adjusted EBITDA of $722 million, marking a 39% increase in revenue and a 72% increase in adjusted EBITDA year-over-year. AppLovin's free cash flow for the quarter was $545 million, demonstrating a 182% increase from the previous year. Additionally, the company announced a significant increase in its share repurchase authorization by $2 billion, bringing the total remaining authorization to $2.3 billion. Looking ahead, AppLovin anticipates continued strong growth, driven both by advancements in its AXON algorithm and promising early results from its e-commerce pilot, expecting this new vertical to scale significantly in 2025.

Record Revenue and Earnings Growth

Total revenue reached $1.2 billion with adjusted EBITDA of $722 million, marking a 39% increase in revenue and a 72% increase in adjusted EBITDA from the same period last year.

Strong Free Cash Flow

Generated $545 million in free cash flow, up 182% year-over-year, with a 22% quarter-over-quarter growth.

AXON Algorithm Advancements

Improvements in AXON technology led to significant growth, contributing to a 66% increase in revenue and a 79% increase in adjusted EBITDA for the software platform compared to last year.

E-commerce Pilot Success

Early data from the e-commerce pilot showed substantial returns, often surpassing those from other media channels and experiencing nearly 100% incrementality from AppLovin's traffic.

Increased Share Repurchase Authorization

Board approved an increase in share repurchase authorization by $2 billion, bringing the total to $2.3 billion.

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AppLovin (APP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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APP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 12, 2025	2024 (Q4)	1.24 / -	0.49	―	―	―
Nov 06, 2024	2024 (Q3)	0.92 / 1.25	0.3	316.67% (+0.95)	―
Aug 07, 2024	2024 (Q2)	0.74 / 0.89	0.22	304.55% (+0.67)	―
May 08, 2024	2024 (Q1)	0.57 / 0.67	-0.01	6800.00% (+0.68)	―
Feb 14, 2024	2023 (Q4)	0.35 / 0.49	-0.21	333.33% (+0.70)	―
Nov 08, 2023	2023 (Q3)	0.27 / 0.30	0.06	400.00% (+0.24)	―
Aug 09, 2023	2023 (Q2)	0.08 / 0.22	-0.06	466.67% (+0.28)	―
May 10, 2023	2023 (Q1)	0.08 / -0.01	-0.31	96.77% (+0.30)	―
Feb 08, 2023	2022 (Q4)	0.05 / -0.21	0.08	-362.50% (-0.29)	―
Nov 09, 2022	2022 (Q3)	0.07 / 0.06	0	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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APP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2024	$168.55	$246.53	+46.27%
Aug 07, 2024	$67.19	$76.73	+14.20%
May 08, 2024	$74.00	$84.69	+14.45%
Feb 14, 2024	$46.87	$58.50	+24.81%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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