AppLovin Corporation reported robust financial results for Q3 2024, with total revenue increasing 39% year-over-year to $1.20 billion. Software Platform revenue, driven by improved AppDiscovery performance, surged 66% to $835.2 million, while Apps revenue grew slightly to $363.0 million. The company's net revenue per installation increased 22% and installation volume rose 39%.Net income reached $434.4 million, up significantly from $108.6 million in Q3 2023, with net margin expanding to 36.3%. Adjusted EBITDA grew 72% to $721.6 million, representing a 60.2% margin. The company maintained strong operational efficiency while continuing to invest in AI capabilities, particularly in its AXON advertising engine.The company's strategic initiatives included debt refinancing and share repurchases. In March 2024, AppLovin amended its credit agreement to reduce interest rates and restructured its term loans. The board authorized additional share repurchases, with $271.0 million remaining available under the program as of September 30, 2024. In October 2024, the board approved a further $2.0 billion increase to the repurchase program.

AppLovin Corporation reported robust financial results for Q3 2024, with total revenue increasing 39% year-over-year to $1.20 billion. Software Platform revenue, driven by improved AppDiscovery performance, surged 66% to $835.2 million, while Apps revenue grew slightly to $363.0 million. The company's net revenue per installation increased 22% and installation volume rose 39%.Net income reached $434.4 million, up significantly from $108.6 million in Q3 2023, with net margin expanding to 36.3%. Adjusted EBITDA grew 72% to $721.6 million, representing a 60.2% margin. The company maintained strong operational efficiency while continuing to invest in AI capabilities, particularly in its AXON advertising engine.The company's strategic initiatives included debt refinancing and share repurchases. In March 2024, AppLovin amended its credit agreement to reduce interest rates and restructured its term loans. The board authorized additional share repurchases, with $271.0 million remaining available under the program as of September 30, 2024. In October 2024, the board approved a further $2.0 billion increase to the repurchase program.