Filing Flows › AppLovin (APP) › Q1 2025
AppLovin (APP) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
AppLovin (APP) reported revenue of $1.5B for the first quarter 2025 (Q1 2025), +40% from a year earlier and +8% from the quarter before. Operating margin was 44.7%, net earnings $576M (38.8% of revenue).
AppLovin, Q1 2025: revenue $1.5B (+40% year over year), operating margin 44.7%, net earnings $576M, operating cash flow $832M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +8% | +40% |
| Operating profit | $663M | +6% | +95% |
| Net earnings | $576M | -4% | +144% |
| Operating cash flow | $832M | +19% | +112% |
| Free cash flow | $826M | — | +113% |
What changed
Revenue was $1.5B in Q1 2025, up 40% year over year and up 8% from the previous quarter.
Operating profit was $0.66B, a 44.7% margin (up 12.6 points year over year). Of the extra revenue versus a year earlier, 76% reached operating profit, above the 32% margin then. Total costs grew 14% against revenue growth of 40%. The fastest-growing cost line was General & admin (+29%). Net earnings were $0.58B, up 144% year over year. The effective tax rate was 6.8%.
Operating cash flow was $0.83B (up 112% year over year), 144% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items added $0.11B. After principal payments on finance leases ($0.01B) and purchase of property and equipment ($138K), free cash flow as the company reports it was $0.83B.
Questions
What was AppLovin's revenue in the first quarter 2025?
AppLovin (APP) reported revenue of $1.5B for the first quarter 2025 (Q1 2025), +40% from a year earlier and +8% from the quarter before.
Was AppLovin profitable in the first quarter 2025?
Operating profit was $663M (44.7% of revenue) and net earnings $576M.
Source: AppLovin 10-Q on SEC EDGAR.