AppLovin Corp

For the period ended Dec 31, 2023. Filed Feb 26, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 26, 2024

APP$410.00+4.8%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Cover page

Part I

Item 1. Business Item 1A. Risk Factors

Item 1B. Unresolved Staff Comments

Item 1C. Cybersecurity Item 2. Properties Item 3. Legal Proceedings

Item 4. Mine Safety Disclosures (no text here)

Part II

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 6. [Reserved] (no text here)

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations Item 7A. Quantitative and Qualitative Disclosures About Market Risk Financial Statements and Supplementary Data Reports of Independent Registered Public Accounting Firm Consolidated Balance Sheets Consolidated Statements of Operations Consolidated Statements of Comprehensive Income (L Consolidated Statements of Redeemable Noncontrolling Interest and Stockholders’ Equity (Deficit Item 8. Consolidated Statements of Cash Flows Notes to Consolidated Financial Statements

Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure (no text here)

Item 9A. Controls and Procedures Item 9B. Other Information

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections (no text here)

Part III

Item 10. Directors, Executive Officers and Corporate Governance

Item 11. Executive Compensation

Item 12. Security Ownership of Certain Beneficial Owner and Management and Related Stockholder Matters

Item 13. Certain Relationships and Related Party Transactions, and Director Independence (no text here)

Item 14. Principal Accountant Fees and Services (no text here)

Part IV

Item 15. Exhibit and Financial Statement Schedules Item 16. Form 10-K Summary Signatures

Consolidated Statements of Operations

(In thousands, except share and per share data)

	Years ended December 31,
	2023	2022	2021
Revenue	$3,283,087	$2,817,058	$2,793,104
Costs and expenses:
Cost of revenue	1,059,191	1,256,065	988,095
Sales and marketing	830,718	919,550	1,129,892
Research and development	592,386	507,607	366,402
General and administrative	152,585	181,627	158,699
Total costs and expenses	2,634,880	2,864,849	2,643,088
Income (loss) from operations	648,207	(47,791)	150,016
Other income (expense):
Interest expense and loss on settlement of debt	(275,665)	(171,863)	(103,170)
Other Income (expense), net	8,028	14,477	(535)
Total other expense, net	(267,637)	(157,386)	(103,705)
Income (loss) before income taxes	380,570	(205,177)	46,311
Provision for (benefit from) income taxes	23,859	(12,230)	10,973
Net income (loss)	356,711	(192,947)	35,338
Less: Net loss attributable to noncontrolling interest	—	(201)	(108)
Net income (loss) attributable to AppLovin	$356,711	$(192,746)	$35,446
Less: Net income attributable to participating securities	1,769	—	3,743
Net income (loss) attributable to common stock—Basic	$354,942	$(192,746)	$31,703
Net income (loss) attributable to common stock—Diluted	$354,993	$(192,746)	31,879
Net income (loss) per share attributable to Class A and Class B common stockholders:
Basic	$1.01	$(0.52)	$0.10
Diluted	$0.98	$(0.52)	$0.09
Weighted average common shares used to compute net income (loss) per share attributable to Class A and Class B common stockholders:
Basic	351,952,187	371,568,011	324,836,076
Diluted	362,589,246	371,568,011	342,763,632

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.