AppLovin (APP) Revenue — Quarter Ended Sep 30, 2023
Revenue for the reported quarter increased compared with the immediately preceding quarter and also rose relative to the same quarter one year earlier. The company’s top-line performance reflects higher client activity on its software platform and advertising within its apps.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the reported quarter increased compared with the immediately preceding quarter and also rose relative to the same quarter one year earlier. The company’s top-line performance reflects higher client activity on its software platform and advertising within its apps.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$864.3M
Revenue reported for this quarter.
Quarter-over-quarter
+15.2%
Change from the immediately preceding quarter.
Year-over-year
+21.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$3B
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 |
|---|---|---|
| Dec 31, 2022 | $702.3M | -11.5% |
| Mar 31, 2023 | $715.4M | +14.4% |
| Jun 30, 2023 | $750.2M | -3.4% |
| Sep 30, 2023 | $864.3M | +21.2% |
Revenue performance
Revenue in the reported quarter reached a level higher than both the prior quarter and the year-ago period. The sequential and year-over-year gains indicate continued momentum in the business.
Quarterly comparison
Compared with the immediately preceding quarter, revenue grew, and the same quarter one year earlier also showed an increase. The trailing twelve-month revenue figure was materially higher than the reported quarter's total.
What to watch
Future revenue trends will depend on the company's ability to maintain client demand for its software platform and sustain user engagement across its apps.