AppLovin’s revenue rose 40% to $1.48 billion in the quarter to Mar 31, 2025, as it agreed to sell its mobile games business to Tripledot

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

AppLovin reported revenue of $1.48 billion for the quarter from Jan 1 to Mar 31, 2025, up 40% from $1.06 billion a year earlier. Net income was $576.4 million, or $1.67 a diluted share, against $236.2 million, or $0.67 a share, and income from operations was $663.5 million against $339.6 million. AppLovin published the figures in an earnings release and filed its 10-Q, the quarterly report that US public companies file with the Securities and Exchange Commission, on May 7, 2025. Advertising revenue rose 71% to $1.16 billion, while Apps revenue, from the company’s free-to-play mobile games, fell 14% to $325.0 million.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12

On May 7, 2025, AppLovin and certain subsidiaries signed a definitive agreement to sell the company’s mobile gaming business to Tripledot, a privately held company with which it had signed a non-binding term sheet on Feb 12, 2025. AppLovin described its Apps portfolio as more than 200 free-to-play mobile games across five genres, run by ten studios. AppLovin’s release said the consideration was $400.0 million, made up of $150 million paid at closing and a $250 million promissory note, plus an ownership stake of about 20% in Tripledot’s common equity, subject to customary purchase price adjustments. The note was to mature 18 months after closing and to bear interest of 11% a year. Closing required approval by Tripledot’s shareholders and the end of the US antitrust waiting period, among other conditions, and AppLovin said it expected the deal to close in the second quarter of 2025.13^,14^,15^,16^,17^,18^,19^,20^,21^,22

AppLovin booked a $188.9 million non-cash goodwill impairment charge on its Apps business. Goodwill is the amount paid in earlier acquisitions above the fair value of the net assets acquired; the company said the term sheet and the sale talks in the quarter were an indicator of impairment, and its test found the unit’s carrying amount above its estimated fair value. The 10-Q said AppLovin would report the Apps segment as a discontinued operation, apart from its continuing results, from the second quarter of 2025. The games’ in-app purchase revenue fell 12%, mainly on a 15% drop in purchase volume. The company counted an average of 1.5 million monthly active payers, meaning mobile devices that made at least one in-app purchase in a month, and an average revenue per monthly active payer of $52. It also recorded $11.0 million of restructuring charges for workforce reductions, $3.3 million of it in Apps. AppLovin repurchased 2,931,609 of its Class A shares in the quarter for $1.0 billion.23^,24^,25^,26^,27^,28^,29^,30^,31^,32

Our records hold the text of the 10-Q’s management discussion (41 subsections) and its 14 numbered notes, not its other exhibits. They list the quarter’s revenue as $1.16 billion, the Advertising segment’s figure, and its operating income as $839.98 million, against the 10-Q’s totals of $1.48 billion and $663.5 million; this article uses the 10-Q’s. Our records keep one value for each period of an SEC filer, the latest filed, so they cannot tell whether the 10-Q’s year-earlier figures were restated.33^,34^,35^,9^,1^,6^,36