Fresh off a mixed debut trading publically, AppLovin have shared their Q1 earnings report with shareholders. The headline figures demonstrated strong growth with a 132% year on year increase in revenues.

First Quarter 2021 Financial Summary

We achieved our highest revenue and Adjusted EBITDA growth quarter in total and across all parts of our business. All comparisons are versus Q1 2020.

• Total revenue was $603.9 million, an increase of 132%. Organic revenue growth was 89%.
• Net loss was $10.6 million compared to net income of $4.7 million in 1Q20.
• Adjusted EBITDA totaled $131 million, an increase of 110%.

Fiscal 2021 Outlook

• Total Revenue of $2.65 - $2.70 billion, representing approximately +83% growth.
• Total Adjusted EBITDA of $680-$700 million, representing approximately +100% growth.

Commenting on the results, AppLovin CEO, Adam Foroughi said, “We are excited to deliver record revenue in our first earnings report as a newly public company. Our record growth 1Q21 results are driven by the powerful combination of our integrated business model, incorporating software, content and data. Additionally, in April 2021 we closed on the previously announced acquisition of app measurement leader Adjust as well as completed the acquisitions of two more top grossing games: West Game and Cash Tornado Slots. As we continue to grow our content portfolio, gain access to data, and improve the efficacy of our marketing software, we see a path to outsized growth for years to come.”

By Gamesforum Staff