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Applovin | 10-Q: Q2 2024 Earnings Report

Applovin | 10-Q: Q2 2024 Earnings Report

Applovin | 10-Q:2024财年二季报
美股SEC公告 ·  2024/08/08 05:08

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AppLovin Corporation reported robust Q2 2024 financial results, with total revenue increasing 44% year-over-year to $1.08 billion. Software Platform revenue, driven by AppDiscovery's improved performance, surged 75% to $711 million, while Apps revenue grew 7% to $369.1 million. The company achieved net income of $310 million, up significantly from $80.4 million in Q2 2023.Operating performance showed strong momentum with Adjusted EBITDA reaching $601.2 million, representing a 55.7% margin. The Software Platform segment demonstrated exceptional growth with Segment Adjusted EBITDA increasing 91% to $520.5 million, while Apps Segment Adjusted EBITDA rose 33% to $80.7 million. Operating cash flow for the first half of 2024 was $847.3 million.The company continued its strategic initiatives, including enhancing its AI-powered advertising engine AXON and optimizing its Apps portfolio. In March 2024, AppLovin amended its credit agreement to reduce interest rates and restructured its term loans. The company maintained strong liquidity with $460.4 million in cash and cash equivalents as of June 30, 2024, with $500 million remaining available under its share repurchase program.
AppLovin Corporation reported robust Q2 2024 financial results, with total revenue increasing 44% year-over-year to $1.08 billion. Software Platform revenue, driven by AppDiscovery's improved performance, surged 75% to $711 million, while Apps revenue grew 7% to $369.1 million. The company achieved net income of $310 million, up significantly from $80.4 million in Q2 2023.Operating performance showed strong momentum with Adjusted EBITDA reaching $601.2 million, representing a 55.7% margin. The Software Platform segment demonstrated exceptional growth with Segment Adjusted EBITDA increasing 91% to $520.5 million, while Apps Segment Adjusted EBITDA rose 33% to $80.7 million. Operating cash flow for the first half of 2024 was $847.3 million.The company continued its strategic initiatives, including enhancing its AI-powered advertising engine AXON and optimizing its Apps portfolio. In March 2024, AppLovin amended its credit agreement to reduce interest rates and restructured its term loans. The company maintained strong liquidity with $460.4 million in cash and cash equivalents as of June 30, 2024, with $500 million remaining available under its share repurchase program.
AppLovin公司公布了2024年第二季度强劲的财务业绩,营业收入同比增长44%,达到了10.8亿美金。受到AppDiscovery性能改善的推动,软件平台收入猛增75%,达到71100万美金,而应用程序收入增长7%,达到了36910万美金。公司实现了31000万美金的净利润,相较于2023年第二季度的8040万美金大幅增长。运营表现显示出强劲的势头,经调整的息税折旧摊销前利润(EBITDA)达到60120万美金,利润率为55.7%。软件平台部门表现出色,部门的调整后EBITDA增长91%,达到52050万美金,而应用部门的调整后EBITDA增长33%,达到了8070万美金。2024年上半年...展开全部
AppLovin公司公布了2024年第二季度强劲的财务业绩,营业收入同比增长44%,达到了10.8亿美金。受到AppDiscovery性能改善的推动,软件平台收入猛增75%,达到71100万美金,而应用程序收入增长7%,达到了36910万美金。公司实现了31000万美金的净利润,相较于2023年第二季度的8040万美金大幅增长。运营表现显示出强劲的势头,经调整的息税折旧摊销前利润(EBITDA)达到60120万美金,利润率为55.7%。软件平台部门表现出色,部门的调整后EBITDA增长91%,达到52050万美金,而应用部门的调整后EBITDA增长33%,达到了8070万美金。2024年上半年的运营现金流为84730万美金。公司继续推进其战略计划,包括增强其人工智能驱动的广告引擎AXON以及优化其应用组合。2024年3月,AppLovin修改了其信贷协议以降低利率,并对其定期贷款进行了重组。到2024年6月30日,公司保持了强劲的流动性,现金及现金等价物为46040万美金,还有50000万美金可用于其股票回购计划。
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