AppLovin (APP) Revenue — Quarter Ended Mar 31, 2024
Revenue increased substantially in the quarter. The company reported positive revenue after a negative figure in the immediately preceding period, and revenue also rose compared to the same quarter one year ago.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased substantially in the quarter. The company reported positive revenue after a negative figure in the immediately preceding period, and revenue also rose compared to the same quarter one year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
+316.8%
Change from the immediately preceding quarter.
Year-over-year
+47.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.2B
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, 2023 | $750.2M | -3.4% |
| Sep 30, 2023 | $864.3M | +21.2% |
| Dec 31, 2023 | -$488.1M | -169.5% |
| Mar 31, 2024 | $1.1B | +47.9% |
Revenue performance
The reported revenue represents a strong sequential improvement, moving from a loss to a gain. Year-over-year growth also contributed to the positive performance.
Quarterly comparison
Compared to the prior quarter, revenue swung from negative to positive. Compared to the same quarter a year earlier, revenue was higher.
What to watch
The significant turnaround from the prior quarter's negative revenue may be a key point to monitor in upcoming periods.