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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 1.2B | 10.9% |
| Gross Profit | 929M | 16.4% |
| Cost of Revenue | 270M | 4.6% |
| Operating expense | 484M | 4.5% |
| Net Income | 434M | 40.1% |
| EBITDA | 625M | 27.3% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 5.44B | 3.3% |
| Total Liabilities | 4.5B | 1.1% |
| Total Equity | 938M | 15.1% |
| Shares Outstanding | 335M | 0.4% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 551M | 21.2% |
| Cash from investing | -6.4M | 90.6% |
| Cash from financing | -441M | 22.2% |
EPS
Financial Highlights for Applovin in Q3 '24
Applovin reported a revenue of 1.2B, which is a 10.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 929M, marking a 16.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 270M, a -4.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 484M, showing a -4.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 434M, showing a 40.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 625M, showing a 27.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Applovin with growth in revenue, gross profit, and net income.
