APPLovin Q4 Results

Investment Analysis Clubs Saul’s Investing Discussions
1

Looks like APP had a very nice quarter! Stock is up 21% AH.

  • Applovin : Q4 GAAP EPS of $1.73 beats by $0.47.
  • Revenue of $1.37B (+43.7% Y/Y) beats by $110M.
  • Net cash from operating activities was $701 million and $2.1 billion, and Free Cash Flow was $695 million and $2.1 billion for the fourth quarter and full year 2024, respectively.

-APP sees Q1 EBITDA at $855-885M vs $795M est

-This implies EBITDA margins in Q1 of 63.5%! Analysts were only looking for 60.2% EBITDA margins in Q1 and then margin improvement throughout the year and ending the year with 62.1% EBITDA margin

First Quarter 2025 Financial Guidance Summary
(In millions, except percentages) 1Q25

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2

Great quarter. APP also announced it would be selling the Apps portion of the business and focusing strictly on advertising. The deal is expected to close sometime in Q2. That’s why the guide is split.

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