AppLovin (NASDAQ:APP) Full Year 2024 Results

Key Financial Results

• Revenue: US$4.71b (up 43% from FY 2023).
• Net income: US$1.58b (up 344% from FY 2023).
• Profit margin: 34% (up from 11% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$4.68 (up from US$1.01 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

AppLovin Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 11%.

The primary driver behind last 12 months revenue was the Advertising segment contributing a total revenue of US$3.22b (68% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to US$849.2m (43% of total expenses). Explore how APP's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 21% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for AppLovin that you need to be mindful of.

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