NASDAQ$APP

Applovin Corp · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Announced second quarter 2024 financial results.

AppLovin Corporation announced its financial results for the second quarter ended June 30, 2024.

Headline financials

Total Revenue

$1.08B

Previous: $750M+44.0%
EPS

$0.89

Previous: $0.22+304.5%
Adjusted EBITDA

$511M

No prior period
Adjusted EBITDA Margin

72.0%

No prior period
Capital Expenditures

-$15.1M

Previous: -$3.82M-295.1%
Free Cash Flow

$310M

Previous: $76.5M+305.0%
Net Income

$310M

Previous: $80.4M+285.7%
Operating Income

$391M

Previous: $131M+197.7%
Gross Profit

$798M

Previous: $492M+62.2%
Cash & Equivalents

$460M

Previous: $876M-47.5%
Total Assets

$5.27B

Previous: $5.48B-3.9%
R&D Expense

$164M

No prior period
Stock-Based Comp

$98.7M

Previous: $81.3M+21.5%

Revenue & EPS history

AppLovin · Revenue · Quarterly

$1.08B

Q2 2024+44%vs Q2 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 Q2 2024

Historical avgQ2 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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