NASDAQ$APP
Applovin Corp · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
AppLovin announced record quarterly revenue and Adjusted EBITDA with Software Platform growth.
AppLovin reported a strong Q4 2021, with revenue increasing by 56% year-over-year to $793 million and adjusted EBITDA growing by 60% to $221 million. The Software Platform revenue experienced substantial growth of 208% year-over-year, reaching $247 million. Net income improved to $31 million, a net margin of 4%.
- Revenue grew 56% Y/Y to $793 million, with organic revenue increasing 25% Y/Y.
- Software Platform revenue grew 208% Y/Y to $247 million, with organic growth of 173% Y/Y.
- Software Platform Enterprise Clients (SPEC) grew 192% Y/Y to a record 461.
- Adjusted EBITDA grew 60% Y/Y to $221 million and Adjusted EBITDA margin improved to 28%.
Headline financials
Revenue & EPS history
AppLovin · Revenue · Quarterly
$793M
Forward guidance
AppLovin expects significant growth in 2022, particularly in the Software Platform, with total revenue projected to increase between 27-38%.
Tailwinds
- Software Platform revenue is projected to be between $1.350 - $1.500 Billion, representing a growth of +100-123%.
- Apps revenue is projected to be between $2.200 - $2.350 Billion, representing a growth of +4-11%.
- Total revenue is projected to be between $3.550 - $3.850 Billion, representing a growth of +27-38%.
- Adjusted EBITDA margin in 2022 is expected to be in the high-20s, up compared to 2021.
- The company anticipates further growth in its Software Platform business due to the integration of MoPub in 2022.
Headwinds
- The company has not provided forward-looking net income and net margin guidance for forward-looking non-GAAP Adjusted EBITDA guidance or a GAAP reconciliation.
- Material changes to reconciling items could have a significant effect on future GAAP results.
- The company's inability to forecast its business due to its limited operating history could affect future performance.
- Fluctuations in the company's results of operations could affect future performance.
- The competitive mobile app ecosystem could affect future performance.
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 Q4 2021
+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
| Quarter | Report date | Reaction (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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