AppFolio's Strong Q2 Encourages Management to Raise Guidance

Value-added services, including AI-related services, accounted for $151.6 million of the total revenue in Q2.Key PointsRevenue for Q2 2024 was$197.4 million, growing 34% year over year.AppFolio reported a GAAP operating income of $36 million, reversing an operating loss position from the previous year.Strong free cash flow generation reached$50.9 million for the quarter.AppFolio (APPF 0.96%), a provider of cloud-based business management solutions for the real estate industry, announced its earnings for Q ...