AppLovin ( APP , Financials ) surged 27.37% in premarket trading Thursday, reaching $484.43 as of 7:17 a.m. GMT-5, following strong fourth-quarter and full-year earnings.
From $953.3 million in the previous year's quarter, the company's income climbed 44% year over year to $1.37 billion in the fourth quarter. Revenue increased 43% to $4.71 billion for the whole year, compared to $3.28 billion in 2023.
In the fourth quarter, advertising income rose 73% to $999.5 million, helping to drive a 75% increase in full-year advertising income, which came out to be $3.22 billion. In the fourth quarter, app revenue dropped 1% to $373.3 million; year-over-year it climbed 3% to $1.49 billion in 2024.
Versus $172.2 million a year earlier, net income jumped 248% year-over-year to $599.2 million in the fourth quarter. Rising from $356.7 million in 2023, net income rose 343% to $1.58 billion for the whole year. In the fourth quarter, modified EBITDA climbed 78% to $848 million. Rising 81% to $2.72 billion for the whole year, it
At a cost of $2.1 billion, the firm bought 25.7 million Class A common equity shares back-off in 2024. AppLovin has outstanding Class A and Class B stock at year-end totaling 340 million shares. With fourth quarter cash flow from operations of $701 million, full-year cash flow came to $2.1 billion. For the quarter free cash flow came at $695 million; for the year it came at $2.1 billion.
AppLovin projects sales for the first quarter of 2025 between $1.36 billion and $1.39 billion. While applications income is predicted to run between $325 million and $335 million, advertising income is expected to range from $1.03 billion to $1.05 billion. With an adjusted EBITDA margin of 63% to 64%, total adjusted EBITDA should lie between $855 million and $885 million.
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