AppLovin (APP) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The growth marked a reversal of the declining trend seen in the two preceding quarters.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The growth marked a reversal of the declining trend seen in the two preceding quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$715.4M
Revenue reported for this quarter.
Quarter-over-quarter
+1.9%
Change from the immediately preceding quarter.
Year-over-year
+14.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $776.2M | +16.1% |
| Sep 30, 2022 | $713.1M | -1.9% |
| Dec 31, 2022 | $702.3M | -11.5% |
| Mar 31, 2023 | $715.4M | +14.4% |
Revenue performance
The reported revenue was higher than the immediately preceding quarter, and also higher than the same quarter one year earlier.
Quarterly comparison
Revenue improved sequentially, ending a streak of two consecutive quarterly declines, and was also up from the year-ago period.
What to watch
The sustainability of the sequential revenue growth should be monitored given the prior two quarters of contraction.