Revenue Performance - Q3 revenue reached $1.20 billion, a 39% year-over-year increase[3] - Software Platform revenue increased 66% year-over-year to $835 million[4] - Apps revenue grew 1% year-over-year to $363 million, with Apps Adjusted EBITDA at $68 million and a 19% margin[9] - Total revenue for Q3 2024 was $1,198,235 thousand, up from $864,256 thousand in Q3 2023[35] - Revenue for 3Q24 was $1,198,235 thousand, a significant increase from $864,256 thousand in 3Q23[40] - Software Platform revenue for 3Q24 was $835,186 thousand, up from $504,452 thousand in 3Q23[42] - Apps revenue for 3Q24 was $363,049 thousand, slightly down from $359,804 thousand in 3Q23[42] Net Income and Profitability - Net income surged to $434 million, a 300% year-over-year growth with a net margin of 36%[3] - Net income for Q3 2024 was $434,420 thousand, compared to $108,639 thousand in Q3 2023[35] - Net income for 3Q24 was $434,420 thousand, compared to $108,639 thousand in 3Q23[40] Adjusted EBITDA Performance - Adjusted EBITDA grew 72% year-over-year to $722 million, with an Adjusted EBITDA margin of 60%[3] - Software Platform Adjusted EBITDA expanded 79% year-over-year to $653 million, with an Adjusted EBITDA margin of 78%[4] - Adjusted EBITDA and Adjusted EBITDA margin are key measures used to assess financial performance and for internal planning and forecasting[25] - Adjusted EBITDA for 3Q24 reached $721,616 thousand, with a margin of 60%[40] - Segment Adjusted EBITDA for Software Platform in 3Q24 was $653,396 thousand, up from $364,117 thousand in 3Q23[42] - Segment Adjusted EBITDA for Apps in 3Q24 was $68,220 thousand, up from $55,174 thousand in 3Q23[42] Share Repurchase and Capital Allocation - The company retired and withheld 5.0 million shares of Class A common stock for a total cost of $437 million[5] - The board increased the share repurchase authorization by an incremental $2.0 billion, bringing the total remaining authorization to $2.3 billion[5] Cash Flow and Financial Position - Cash and cash equivalents increased to $567,596 thousand as of September 30, 2024, from $502,152 thousand at the end of 2023[33] - Net cash provided by operating activities for the nine months ended September 30, 2024, was $1,398,008 thousand, up from $717,522 thousand in the same period of 2023[37] - Free Cash Flow for 3Q24 was $545,095 thousand, up from $193,607 thousand in 3Q23[38] - Net cash used in investing activities for 3Q24 was $6,396 thousand, down from $15,833 thousand in 3Q23[38] - Net cash used in financing activities for 3Q24 was $441,075 thousand, down from $724,154 thousand in 3Q23[38] Assets and Liabilities - Total assets as of September 30, 2024, were $5,442,484 thousand, up from $5,359,187 thousand at the end of 2023[33] - Total liabilities as of September 30, 2024, were $4,504,278 thousand, compared to $4,102,858 thousand at the end of 2023[32] User Metrics - Monthly Active Payers (MAPs) for Q3 2024 were 1.6 million, down from 1.8 million in Q3 2023[30] - Average Revenue per Monthly Active Payer (ARPMAP) increased to $52 in Q3 2024 from $46 in Q3 2023[30] Future Guidance - Q4 revenue guidance is projected to be between $1,240 to $1,260 million[8] - Q4 Adjusted EBITDA is expected to range from $740 to $760 million, with an Adjusted EBITDA margin of 60%[8]

The business is booming, and Wall Street is taking notice.Shares of mobile-app monetization company AppLovin (APP 4.54%) soared 29.8% in October, according to data provided by S&P Global Market Intelligence. It's a big move, considering the company didn't report financial results or make any other announcements. Rather, the stock was moving higher thanks to Wall Street.For context, AppLovin had a market capitalization of just $3 billion in early 2023. That's too small to garner much attention from the analy ...

AppLovin Corporation (APP) will report its third-quarter 2024 results on Nov. 6, after the bell.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for earnings in the to-be-reported quarter stands at 95 cents, indicating 216.7% growth from the year-ago reported quarter. The consensus estimate for revenues stands at $1.13 billion, implying 30.8% year-over-year growth.One estimate for the to-be-reported quarter has been revised upwards over the past 30 days v ...

your_photo/iStock via Getty Images Last week wrapped up quarterly earnings for most Mag 7 tech stocks (we still need to wait for numbers from the semiconductor king of the group - NVIDIA Corporation (NVDA) - which is set to report on Nov. 20). Investing Group leaders had a lot of say about the performances, and some made big calls regarding how these tech titans will perform long term. Cestrian Capital Research on Meta Platorms, Inc. (META): The social media giant delivered another strong quarter. Cestr ...

While Nvidia's spectacular surge remains the biggest story in the technology industry, the AI chipmaker's performance on the market has been dwarfed this year by a digital advertising company with a specialty in gaming.AppLovin has soared 310% in 2024, beating every U.S. tech company with a market cap of at least $5 billion, according to FactSet data. Nvidia, which has led the artificial intelligence boom and become the world's second-most valuable public company, is up 173% this year.Founded 12 years ago, ...

AppLovin TodayAPPAppLovin$163.53 -5.86 (-3.46%) 52-Week Range$35.79▼$174.46P/E Ratio69.59Price Target$136.78Add to WatchlistAppLovin NASDAQ: APP stock has had an incredible uptick in 2024, with shares over quadrupling in value. Despite its massive rise, Wall Street analysts are still projecting upside in the tech stock. In October, six of the eight analyst price target changes MarketBeat has tracked are above the current share price. So, what exactly does AppLovin do, and why is the market in love with this ...

Wall Street analysts forecast that AppLovin (APP) will report quarterly earnings of $0.95 per share in its upcoming release, pointing to a year-over-year increase of 216.7%. It is anticipated that revenues will amount to $1.13 billion, exhibiting an increase of 30.8% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 1.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed t ...

Have you been paying attention to shares of AppLovin (APP) ? Shares have been on the move with the stock up 27.3% over the past month. The stock hit a new 52-week high of $166.74 in the previous session. AppLovin has gained 317% since the start of the year compared to the 18.3% move for the Zacks Business Services sector and the 39.4% return for the Zacks Technology Services industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't missed our earn ...

The latest trading session saw AppLovin (APP) ending at $158.95, denoting a +0.06% adjustment from its last day's close. The stock outpaced the S&P 500's daily loss of 0.05%. Elsewhere, the Dow lost 0.02%, while the tech-heavy Nasdaq added 0.18%.Coming into today, shares of the mobile app technology company had gained 25.95% in the past month. In that same time, the Business Services sector gained 3.48%, while the S&P 500 gained 2.76%.The investment community will be paying close attention to the earnings p ...

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