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Dec 31, 2021
AppLovin Q4 2021 Earnings Report
AppLovin announced record quarterly revenue and Adjusted EBITDA with Software Platform growth.
Key Takeaways
AppLovin reported a strong Q4 2021, with revenue increasing by 56% year-over-year to $793 million and adjusted EBITDA growing by 60% to $221 million. The Software Platform revenue experienced substantial growth of 208% year-over-year, reaching $247 million. Net income improved to $31 million, a net margin of 4%.
Revenue grew 56% Y/Y to $793 million, with organic revenue increasing 25% Y/Y.
Software Platform revenue grew 208% Y/Y to $247 million, with organic growth of 173% Y/Y.
Software Platform Enterprise Clients (SPEC) grew 192% Y/Y to a record 461.
Adjusted EBITDA grew 60% Y/Y to $221 million and Adjusted EBITDA margin improved to 28%.
Forward Guidance
AppLovin expects significant growth in 2022, particularly in the Software Platform, with total revenue projected to increase between 27-38%.
Positive Outlook
- Software Platform revenue is projected to be between $1.350 - $1.500 Billion, representing a growth of +100-123%.
- Apps revenue is projected to be between $2.200 - $2.350 Billion, representing a growth of +4-11%.
- Total revenue is projected to be between $3.550 - $3.850 Billion, representing a growth of +27-38%.
- Adjusted EBITDA margin in 2022 is expected to be in the high-20s, up compared to 2021.
- The company anticipates further growth in its Software Platform business due to the integration of MoPub in 2022.
Challenges Ahead
- The company has not provided forward-looking net income and net margin guidance for forward-looking non-GAAP Adjusted EBITDA guidance or a GAAP reconciliation.
- Material changes to reconciling items could have a significant effect on future GAAP results.
- The company's inability to forecast its business due to its limited operating history could affect future performance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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