AppLovin (APP) Revenue — Quarter Ended Dec 31, 2023
Revenue for the reported quarter was negative, a reversal from the positive performance in both the preceding quarter and the same quarter one year earlier. The trailing twelve-month revenue remained positive despite this quarterly decline.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the reported quarter was negative, a reversal from the positive performance in both the preceding quarter and the same quarter one year earlier. The trailing twelve-month revenue remained positive despite this quarterly decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
-$488.1M
Revenue reported for this quarter.
Quarter-over-quarter
-156.5%
Change from the immediately preceding quarter.
Year-over-year
-169.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.8B
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 |
|---|---|---|
| Mar 31, 2023 | $715.4M | +14.4% |
| Jun 30, 2023 | $750.2M | -3.4% |
| Sep 30, 2023 | $864.3M | +21.2% |
| Dec 31, 2023 | -$488.1M | -169.5% |
Revenue performance
The reported quarter's revenue turned negative, compared to a positive figure in the immediately preceding quarter. It also declined relative to the same quarter a year ago, which was positive.
Quarterly comparison
The three prior quarters of the fiscal year each reported positive revenue, making the negative result in the final quarter a notable shift.
What to watch
The negative revenue in the reported quarter represents a significant deviation from recent trends, and future disclosures may offer additional insight.