AppLovin Corp (APP) PT Lowered to $100 at Oppenheimer
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AppLovin Announces Record Financial Results for the Fourth Quarter and Full-Year 2021
February 16, 2022 4:05 PM ESTRaises Software Platform outlook for 2022 to $1.35 - $1.50 billion
Revenue in 4Q21 grew 56% Y/Y to $793 million, Organic revenue1 increased 25% Y/Y Revenue in 2021 grew +92% Y/Y to $2.8 billion Software Platform revenue grew 208% Y/Y to $247 million, Organic growth1 was 173% Y/Y Software Platform Enterprise Clients2 (SPEC) grew to a record 461, up 192% Y/Y Net income improved Y/Y to $31 million, a net margin of 4%, up from a net loss of $19 million Adjusted EBITDA grew 60% Y/Y to $221 million and Adjusted EBITDA margin improved to 28%PALO ALTO,... More
