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AppLovin
🇺🇸 NASDAQ:APP
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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%.

Total Revenue
$793M
Previous year: $1.45B
-45.3%
EPS
$0.08
Previous year: -$0.08
-200.0%
Adjusted EBITDA
$221M
Adjusted EBITDA Margin
28%
Gross Profit
$528M
Previous year: $312M
+69.4%
Cash and Equivalents
$1.52B
Previous year: $317M
+379.3%
Free Cash Flow
$84.6M
Previous year: $99.8M
-15.2%
Total Assets
$6.16B
Previous year: $2.15B
+186.1%

AppLovin

AppLovin

AppLovin Revenue by Segment

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.
  • Fluctuations in the company's results of operations could affect future performance.
  • The competitive mobile app ecosystem could affect future performance.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View AppLovin