Slide 1: Financial Update
Financial Update 4Q24 Financial Update
Slide 2: 1Q25 Financial Overview
1Q25 Financial Overview ALL COMPARISONS ARE TO 1Q24 Net Income was $576 million, a net margin of 39% Revenue was $1.48 billion, an increase of 40%. compared to net income of $236 million and a net margin of 22%. Advertising revenue grew 71% to $1.16 billion. Net revenue per installation increased 49
Slide 3: Non-GAAP Financial Metrics
Non-GAAP Financial Metrics To supplement our financial information presented in accordance with generally accepted accounting principles in the United States (“GAAP”), this shareholder letter includes certain financial measures that are not prepared in accordance with GAAP, including Adjusted EBITDA
Slide 4: Key Metrics
Key Metrics We review the following key metrics on a regular basis to evaluate the health of our Apps segment, identify trends affecting its performance, prepare financial projections, and make strategic decisions. Quarterly Key Metrics Monthly Active Payers (MAPs). We define a MAP as a unique mobil
Slide 5: Condensed Consolidated Balance Sheets
AppLovin Corporation Condensed Consolidated Balance Sheets (In thousands, except share and per share data) (Unaudited) March 31, December 31, 2025 2024 Assets Current assets: Cash and cash equivalents $ 551,024 $ 741,411 Accounts receivable, net 1,577,812 1,414,246 Prepaid expenses and other current
Slide 6: Condensed Consolidated Statements of Operations
AppLovin Corporation Condensed Consolidated Statements of Operations (In thousands, except share and per share data) (Unaudited) Three Months Ended March 31, 2025 2024 Revenue $ 1,484,021 $ 1,058,115 Costs and expenses: Cost of revenue 271,232 294,148 Sales and marketing 182,956 226,687 Research and
Slide 7: Condensed Consolidated Statements of Cash Flows
AppLovin Corporation Condensed Consolidated Statements of Cash Flows (In thousands) (Unaudited) Three Months Ended March 31, 2025 2024 Operating Activities Net income $ 576,419 $ 236,183 Adjustments to reconcile net income to operating activities: Amortization, depreciation and write-offs 79,887 112
Slide 8: Reconciliation of Net Cash Provided By Operating Activities to Free Cash Flow
AppLovin Corporation Reconciliation of Net Cash Provided By Operating Activities to Free Cash Flow (In thousands) The following table provides a reconciliation of net cash provided by operating activities to Free Cash Flow for the periods presented: Quarter Ended 1Q24 2Q24 3Q24 4Q24 1Q25 Net cash pr
Slide 9: Reconciliation of Net Income to Adjusted EBITDA
AppLovin Corporation Reconciliation of Net Income to Adjusted EBITDA (in thousands, except percentages) The following table provides our Adjusted EBITDA and Adjusted EBITDA Margin and a reconciliation of Net Income to Adjusted EBITDA for the periods presented: Quarter Ended 1Q24 2Q24 3Q24 4Q24 1Q25
Slide 10: Reconciliation of Segment Adjusted EBITDA to Income Before Taxes
AppLovin Corporation Reconciliation of Segment Adjusted EBITDA to Income Before Taxes (In thousands, except percentages) The following table provides selected financial data for our reportable segments for the periods indicated: Quarter Ended 1Q24 2Q24 3Q24 4Q24 1Q25 Revenue: Advertising $678,370 $7
Slide 11: APPLOVIN.COM
APPLOVIN.COM