AppLovin Q4 2024 Earnings Report

Key Takeaways

AppLovin reported strong Q4 2024 results, with revenue increasing 44% YoY to $1.37 billion, driven by significant growth in advertising revenue. Net income surged 248% YoY, reflecting improved operational efficiency and profitability.

Total Revenue

$1.37B

Previous year: $953M

+44.0%

EPS

$1.73

Previous year: $0.49

+253.1%

Operating Margin

44.3%

Previous year: 28.3%

+56.5%

Adjusted EBITDA

$848M

Previous year: $476M

+78.1%

Adjusted EBITDA Margin

62%

Previous year: 50%

+24.0%

Cash and Equivalents

$741M

Previous year: $502M

+47.6%

Free Cash Flow

$695M

Previous year: $344M

+102.2%

Total Assets

$5.87B

Previous year: $5.36B

+9.5%

AppLovin Revenue

AppLovin EPS

AppLovin Revenue by Segment

Forward Guidance

AppLovin expects continued growth in Q1 2025, with revenue projected between $1.36 billion and $1.39 billion, driven by strong advertising performance.

Positive Outlook

Advertising revenue expected to remain strong.
Adjusted EBITDA projected between $855 million and $885 million.
Operating efficiency improvements contributing to profitability.
High-margin revenue scaling effectively.
Strong cash flow generation supporting future investments.

Challenges Ahead

Apps revenue slightly declining YoY.
Increased competition in digital advertising.
Macroeconomic uncertainties could impact ad spending.
Potential regulatory changes affecting digital advertising strategies.
Debt levels increased compared to last year.