AppLovin Announces First Quarter 2025 Financial Results

About this update from Applovin Corporation

[{"type":"text","content":" PALO ALTO, Calif.--(BUSINESS WIRE)--\nAppLovin Corporation (NASDAQ: APP) (“AppLovin”), a leading marketing platform, today announced financial results for the quarter ended March 31, 2025 and posted a financial update on its Investor Relations website located at https://investors.applovin.com.\n\nFirst Quarter 2025 Financial Highlights:\n\n\n\n(In thousands, except percentages)\n\n\n\nQuarter Ended March 31,\n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n2025\n\n\n\n \n\n\n\n2024\n\n\n\n \n\n\n\n% Change\n\n\n\n\n\nAdvertising Revenue\n\n\n\n$1,158,974\n\n\n\n \n\n\n\n$678,370\n\n\n\n \n\n\n\n71\n\n\n\n%\n\n\n\n\n\nApps Revenue\n\n\n\n325,047\n\n\n\n \n\n\n\n379,745\n\n\n\n \n\n\n\n(14\n\n\n\n)%\n\n\n\n\n\nTotal Revenue\n\n\n\n$1,484,021\n\n\n\n \n\n\n\n$1,058,115\n\n\n\n \n\n\n\n40\n\n\n\n%\n\n\n\n\n\nAdvertising Adjusted EBITDA\n\n\n\n$943,228\n\n\n\n \n\n\n\n$492,020\n\n\n\n \n\n\n\n92\n\n\n\n%\n\n\n\n\n\nApps Adjusted EBITDA\n\n\n\n61,799\n\n\n\n \n\n\n\n56,751\n\n\n\n \n\n\n\n9\n\n\n\n%\n\n\n\n\n\nAdjusted EBITDA\n\n\n\n$1,005,027\n\n\n\n \n\n\n\n$548,771\n\n\n\n \n\n\n\n83\n\n\n\n%\n\n\n\n\n\nNet Income\n\n\n\n$576,419\n\n\n\n \n\n\n\n$236,183\n\n\n\n \n\n\n\n144\n\n\n\n%\n\n\n\n\nAdditional Financial Highlights:\n\n\nNet cash from operating activities was $832 million and Free Cash Flow was $826 million for the first quarter 2025.\n\n\nDuring the first quarter 2025, we repurchased and withheld 3.4 million shares of our Class A common stock, for a total cost of $1.2 billion1. At the end of 1Q 2025, we had 338 million shares of our Class A and Class B common stock outstanding.\n\n\n\nOn May 7, 2025, we entered into a definitive agreement to sell our mobile gaming business to Tripledot Studios, a privately held company, for consideration of $400.0 million in cash and an approximately 20% ownership stake in Tripledot common equity, subject to customary purchase price adjustments. The transaction is expected to close in the second quarter of 2025, subject to regulatory approvals and other customary closing conditions.\n\n\n\nSecond Quarter 2025 Financial Guidance Summary2\n\n\n\n(In millions, except percentages)\n\n\n\n2Q25\n\n\n\n\n\n \n\n\n\nLow\n\n\n\n \n\n\n\nHigh\n\n\n\n\n\nTotal Advertising Revenue\n\n\n\n$1,195\n\n\n\n \n\n\n\n$1,215\n\n\n\n\n\nTotal Advertising Adjusted EBITDA\n\n\n\n$970\n\n\n\n \n\n\n\n$990\n\n\n\n\n\nTotal ...

More updates from Applovin Corporation