AppLovin Corp

For the period ended Dec 31, 2024. Filed Feb 27, 2025.

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.

FY2024 · Filed Feb 27, 2025

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 (no text here)

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 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)

	Year Ended December 31,
	2024	2023	2022
Revenue	$4,709,248	$3,283,087	$2,817,058
Costs and expenses:
Cost of revenue	1,166,806	1,059,191	1,256,065
Sales and marketing	849,209	830,718	919,550
Research and development	638,689	592,386	507,607
General and administrative	181,085	152,585	181,627
Total costs and expenses	2,835,789	2,634,880	2,864,849
Income (loss) from operations	1,873,459	648,207	(47,791)
Other income (expense):
Interest expense and loss on settlement of debt	(318,260)	(275,665)	(171,863)
Other income, net	20,806	8,028	14,477
Total other expense, net	(297,454)	(267,637)	(157,386)
Income (loss) before income taxes	1,576,005	380,570	(205,177)
Provision for (benefit from) income taxes	(3,771)	23,859	(12,230)
Net income (loss)	1,579,776	356,711	(192,947)
Less: Net loss attributable to noncontrolling interest	—	—	(201)
Net income (loss) attributable to AppLovin	$1,579,776	$356,711	$(192,746)
Less: Net income attributable to participating securities	2,717	1,769	—
Net income (loss) attributable to common stock—Basic	$1,577,059	$354,942	$(192,746)
Net income (loss) attributable to common stock—Diluted	$1,577,144	$354,993	$(192,746)
Net income (loss) per share attributable to Class A and Class B common stockholders:
Basic	$4.68	$1.01	$(0.52)
Diluted	$4.53	$0.98	$(0.52)
Weighted-average common shares used to compute net income (loss) per share attributable to Class A and Class B common stockholders:
Basic	336,921,483	351,952,187	371,568,011
Diluted	347,807,555	362,589,246	371,568,011

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.