AppLovin (APP) FY2024 results: revenue $3.2 billion, up 75.1% on the year
AppLovin Corp. (APP) reported revenue of $3.2 billion for fiscal 2024, the year ended 31 December 2024, up 75.1% on the year before. Net income was $1.6 billion, up 342.9%, and diluted earnings per share $4.53. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$3.2 billion
+75.1% on the year
FY2019FY2024
Operating margin
59.3%
41.9% a year earlier
FY2019FY2024
Net income
$1.6 billion
+342.9% on the year
FY2019FY2024
Diluted EPS
$4.53
+362.2% on the year
FY2019FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,099
1,062
413
+97.7%
Capital expenditure
4.8
4.2
0.7
+12.5%
Free cash flow
2,094
1,057
412
+98.1%
Free cash flow margin
65.0%
57.4%
14.6%
Cash from investing
-107
-77.8
-1,371
Cash from financing
-1,750
-1,563
-527
Depreciation and amortisation
449
489
547
-8.2%
Share-based compensation
369
363
192
+1.7%
Buybacks
981
1,154
339
-14.9%
Diluted shares, weighted
348m
363m
372m
-4.1%
Shares outstanding at period end
340m
340m
374m
+0.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,090
1,256
1,903
-13.3%
Redeemable equity
n/a
0.0
0.0
Short-term borrowings
0.0
215
33.3
Debt
3,509
3,121
3,212
+12.4%
Operating lease liabilities
31.1
42.9
54.2
-27.5%
Finance lease liabilities
134
144
44.7
-7.1%
Other liabilities
1,105
580
601
+90.6%
Total liabilities and equity
5,869
5,359
5,848
+9.5%
Goodwill
1,458
1,497
1,824
-2.6%
Intangible assets
473
1,293
1,678
-63.4%
Cash and equivalents
697
502
1,080
+38.8%
Receivables
1,283
954
703
+34.5%
Other assets
1,958
1,113
563
+75.9%
Total assets
5,869
5,359
5,848
+9.5%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.