NASDAQ$APP

Applovin Corp · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Announced first quarter 2024 financial results.

AppLovin Corporation announced its financial results for the first quarter ended March 31, 2024.

Headline financials

Total Revenue

$1.06B

Previous: $715M+47.9%
EPS

$0.67

Previous: -$0.01+6800.0%
Adjusted EBITDA

$549M

No prior period
Adjusted EBITDA Margin

52.0%

No prior period
Capital Expenditures

$0.00

Previous: -$70K+100.0%
Free Cash Flow

$236M

Previous: -$4.59M+5247.8%
Net Income

$236M

Previous: -$4.52M+5327.6%
Operating Income

$340M

Previous: $61M+456.2%
Gross Profit

$764M

Previous: $453M+68.5%
Cash & Equivalents

$436M

Previous: $1.25B-65.0%
Total Assets

$5.26B

Previous: $5.92B-11.0%
R&D Expense

$155M

No prior period
Stock-Based Comp

$95.3M

Previous: $83M+14.8%

Revenue & EPS history

AppLovin · Revenue · Quarterly

$1.06B

Q1 2024+47.9%vs Q1 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+9.6%

Avg return

Earnings day

+13.8%

Avg return

5 days after

+19.8%

Avg return

30 days after

62%

16 / 26 earnings

Positive

+49.2%

Q3 2024

Best reaction

-19.7%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.5%+4.3%+19.0%
Q4 2025-19.7%-17.6%+0.4%
Q3 2025-3.5%-3.6%+12.1%
Q2 2025+12.0%+19.6%+25.5%
Q1 2025+11.7%+22.0%+37.7%
Q4 2024+24.0%+30.4%-23.0%
Q3 2024+49.2%+73.4%+143.1%
Q2 2024+11.2%+8.3%+22.6%
Q1 2024+9.9%+12.0%+6.3%
Q4 2023+27.6%+30.6%+37.7%
Q3 2023-3.0%+1.3%-8.6%
Q2 2023+23.8%+32.3%+40.2%
Q1 2023+26.9%+30.6%+30.8%
Q4 2022+25.4%+23.4%-4.2%
Q3 2022+7.2%+1.2%-31.8%
Q2 2022-4.3%-6.8%-23.0%
Q1 2022+26.7%+28.9%+24.6%
Q4 2019-5.1%+7.7%+10.4%
Q4 2021-15.1%-15.5%-27.9%
Q3 2020-10.5%-8.2%-21.1%
Q3 2021+10.9%-0.8%-12.5%
Q2 2020-1.9%+12.0%+35.8%
Q2 2021-0.4%-2.3%+35.3%
Q1 2020+25.2%+29.6%+65.3%
Q4 2020+25.2%+29.6%+65.3%
Q1 2021-6.7%+16.8%+54.2%
Q2 2015
Q1 2015

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