AppLovin reported $1.26 billion in revenue for the quarter to Jun 30, 2025, up 77%, after selling its Apps business

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 $1.26 billion for the quarter from Apr 1, 2025 to Jun 30, 2025, 77.0% more than the $711.02 million of the same quarter a year earlier. The figures are in its 10-Q, the quarterly report a US-listed company files with the SEC, filed on Aug 6, 2025. Revenue left out the Apps business, which the report classified as discontinued operations, the line for a business a company has sold or is selling. The report treated every period it showed the same way, so the year-earlier revenue also left the Apps business out.1^,2^,3^,4^,5^,6^,7

AppLovin completed the sale of the Apps business to Tripledot on Jun 30, 2025, for $400 million in cash, subject to closing adjustments, and equity of about 20% of Tripledot's fully diluted equity at closing. It had signed a non-binding term sheet for the sale on Feb 12, 2025 and the purchase agreement on May 7, 2025. The notes put the cash received at $430.6 million, the $400.0 million in the purchase agreement plus $30.6 million of preliminary price adjustments that were to be finalized in the third quarter. It also received 596,869,142 Tripledot shares, which the notes valued at $285.0 million and put at about 22% of Tripledot’s outstanding shares.8^,9^,10^,11^,12

Management attributed the $547.7 million rise in revenue mainly to AppDiscovery, which it said made up the vast majority of revenue: net revenue per installation rose 70% and installations rose 8%. The filing said its advertising clients ranged from indie developer studios to some of the largest global internet platforms, and that its investments would let it expand into new verticals outside gaming, such as e-commerce and CTV, or connected TV.13^,14^,15^,16^,17

Operating income, the profit from running the business before interest and tax, was $957.68 million, up 149.1% from $384.42 million a year earlier. Net income, which includes discontinued operations, was $819.53 million against $309.97 million, and diluted earnings per share were $2.39 against $0.89. From continuing operations, net income was $771.9 million, against $301.0 million. The result from discontinued operations included a pre-tax gain of $106.2 million on the sale, recorded in the quarter. The company had tested the Apps business's goodwill as of Mar 31, 2025 and booked a non-cash impairment charge of $188.9 million, included in discontinued operations for the six months to Jun 30, 2025.18^,19^,20^,21^,22^,23^,24^,25^,26^,27^,28

AppLovin also reported adjusted EBITDA, a non-GAAP measure of its own that sits outside US accounting rules and added back items such as interest, income taxes, depreciation, amortization and stock-based compensation: $1.0 billion against $511.2 million. In its Aug 6, 2025 earnings release, the company guided to third-quarter 2025 revenue of $1.32 billion to $1.34 billion, a forecast made that day.29^,30^,31^,32^,33

Our records hold revenue, operating income, net income and diluted earnings per share for the quarter, and the text of the filing's management discussion and notes, but not its other exhibits. They keep one value for each period, the latest filed, so they cannot tell whether the year-earlier figures were restated.34^,35^,36