APP
AppLovin Corporation677.30
+2.14+0.32%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
E-com self-serve, AI tools advance
Q&A unpacked e-commerce self-service progress, revealing referral customers lapping Q4 2024 via recent model uplifts and generative AI pilots for interactive pages and videos, set to explode ad volumes from hundreds to gaming-like thousands. Management crushed Meta competition fears, clarifying no-ID bidding absence and ecosystem growth expanding the pie despite share shifts. They shared 30-day LTV/CAC breakeven on advertiser tests pre-GA launch H1 2026. MAX moat stems from irreplaceable UA tools. Competition jitters? Overblown. Bullish tone holds; watch e-com advertiser influx.
Key Stats
Market Cap
229.10BP/E (TTM)
79.96Basic EPS (TTM)
8.47Dividend Yield
0%Recent Filings
10-K
FY2025 results
AppLovin posted FY2025 revenue of $5.5B, up 70% y/y, powered by Axon Ads Manager where installations rose 3% but net revenue per install surged 72% y/y. Q4 accelerated the momentum, fueling 82% adjusted EBITDA margins amid Apps business divestiture in June. Sequential quarterly trends showed margin expansion through cost discipline, while $3.95B free cash flow enabled $2.2B buybacks and $3.6B debt at year-end. Debt stands at fixed 5.125%-5.950% through 2054; $1B revolver available. No annual guidance disclosed. Cybersecurity threats loom large.
8-K
APP smashes 2025 records
AppLovin crushed Q4 and full-year 2025, with revenue surging 66% to $1.66B and 70% to $5.48B year-over-year, net income from continuing ops rocketing 85% to $1.10B and 116% to $3.43B. Adjusted EBITDA hit $1.40B (84% margin) in Q4, backed by $1.31B free cash flow. Shares outstanding fell to 338M after $2.58B repurchases. Q1 2026 guides $1.75B revenue, 84% Adj. EBITDA margins.
10-Q
Q3 FY2025 results
AppLovin crushed Q3 with revenue jumping 68% y/y to $1.4B, driven by Axon Advertising strength, while operating income soared to $1.1B from $534M. Diluted EPS from continuing ops hit $2.45, up from $1.24, confirmed against 341M shares. Cash piled to $1.7B after $2.7B operating cash flow (YTD), funding $1.8B stock buybacks despite steady $3.5B long-term debt and $1B revolver availability. Apps divestiture closed June 30 for $430.6M cash plus 22% Tripledot equity. Non-GAAP metrics not disclosed in the 10-Q. Competition from giants like Google stays fierce.
8-K
Q3 revenue jumps 68%
10-Q
Q2 FY2025 results
AppLovin surged ahead in Q2 FY2025 ended June 30, 2025, with revenue climbing 77% year-over-year to $1.26B from $711M, fueled by stronger AppDiscovery performance where net revenue per installation rose 70% and volume grew 8%; gross margin improved to 88% from 83%, while operating income jumped to $958M from $384M, and diluted EPS from continuing operations hit $2.26 versus $0.86. The company closed its Apps Business divestiture on June 30 for $430.6M cash plus $285M in Tripledot equity (20% stake), booking a $106M gain and recognizing no new goodwill but retaining $1.5B overall. Cash swelled to $1.19B with $1.6B operating cash flow (89% y/y increase), supporting $1.3B in share repurchases; free cash flow reached $1.59B (derived). Yet ongoing securities litigation could distract management.
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