Press release
AppLovin Announces Record Financial Results for the Fourth Quarter and Full-Year 2021
Raises Software Platform outlook for 2022 to $1.35 - $1.50 billion Revenue in 4Q21 grew 56% Y/Y to $793 million, Organic revenue1 increased 25% Y/Y Revenue
About this update from Applovin Corporation
[{"type":"text","content":"\nRaises Software Platform outlook for 2022 to $1.35 - $1.50 billion\n\n\nRevenue in 4Q21 grew 56% Y/Y to $793 million, Organic revenue1 increased 25% Y/Y\n\n\nRevenue in 2021 grew +92% Y/Y to $2.8 billion\n\n\nSoftware Platform revenue grew 208% Y/Y to $247 million, Organic growth1 was 173% Y/Y\n\n\nSoftware Platform Enterprise Clients2 (SPEC) grew to a record 461, up 192% Y/Y\n\n\nNet income improved Y/Y to $31 million, a net margin of 4%, up from a net loss of $19 million\n\n\nAdjusted EBITDA grew 60% Y/Y to $221 million and Adjusted EBITDA margin improved to 28%\n\n\n PALO ALTO, Calif.--(BUSINESS WIRE)--\nAppLovin Corporation (NASDAQ: APP) (“AppLovin” or “we”), a leading marketing platform, today announced financial results for the fourth quarter and fiscal year ended December 31, 2021 and posted a letter to its shareholders on its investor relations website.\n\n“We continue to execute on our mission to build and grow the largest, most-effective platform for advertisers and publishers in the digital world,” said Adam Foroughi, CEO and co-founder of AppLovin. “More advertisers and developers than ever are leveraging our platform to help grow their business and we believe the integration of MoPub in 2022 will drive further growth in our Software Platform business.”\n\nHerald Chen, CFO of AppLovin said, “We delivered record quarterly revenue and Adjusted EBITDA in 4Q21 with +208% Y/Y growth for our Software Platform, a testament to the powerful combination of our machine learning (ML)-based software and our scaled first-party data. As a result of the incredible momentum in our business exiting 2021 and our fantastic start to 1Q22, we are meaningfully raising our outlook for Software Platform revenue in 2022 to $1.425 billion at the midpoint — a +111% Y/Y growth rate.”\n\nFourth Quarter 2021 Financial Summary and Highlights\n\n(Note: All comparisons are versus 4Q20 and growth rates referenced are year-over-year unless otherwise noted; due to rounding, numbers presented may not add up precisely to the totals provided.)\n\n\nRevenue grew 56% to $793 million with organic growth1 of 25%.\n\n\nBusiness Software Platform revenue was $247 million, an increase of 208% and organic growth1 of 173%; surpassed $1 billion annual run-rate Software Platform revenue based on December 2021 performance.\n\n\nTotal Software Transaction Value (TSTV...