AppLovin (APP) Revenue — Quarter Ended Jun 30, 2024
AppLovin's revenue declined in the current quarter compared to both the prior quarter and the same quarter a year ago. The sequential drop was steeper than the year-over-year decrease.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
AppLovin's revenue declined in the current quarter compared to both the prior quarter and the same quarter a year ago. The sequential drop was steeper than the year-over-year decrease.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$711M
Revenue reported for this quarter.
Quarter-over-quarter
-32.8%
Change from the immediately preceding quarter.
Year-over-year
-5.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.1B
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 |
|---|---|---|
| Sep 30, 2023 | $864.3M | +21.2% |
| Dec 31, 2023 | -$488.1M | -169.5% |
| Mar 31, 2024 | $1.1B | +47.9% |
| Jun 30, 2024 | $711M | -5.2% |
Revenue performance
The reported revenue decreased from the immediately preceding quarter and from the same period one year earlier. Available data does not specify the reasons for the declines.
Quarterly comparison
Revenue was lower than the prior quarter's level and also below the level reported for the same quarter last year. The filing context offers no causal explanation for these movements.
What to watch
Given the sequential revenue decline, monitor whether the revenue trend stabilizes in upcoming quarters.