1、4Q24Financial UpdateFinancial Update$120$127$257$2474Q234Q243Q25Financial OverviewALL COMPARISONS ARE TO 3Q24Revenue grew 68%to$1.41 billion.Net revenue per installation increased 75%and installations decreased 1%.Net Income from Continuing Operations grew 93%to$836 million,a net margin from continu

2、ing operations of 59%.Adjusted EBITDA1 increased 79%to$1.16 billion,an 82%margin.Cash Flow1:We generated$1.05 billion of net cash from operating activities and$1.05 billion of Free Cash Flow.Note:Totals may not sum due to rounding 1 Our core advertising business now represents substantially all of t

3、he revenue in this segment and our future focus for the company.As a result,we have renamed our Software Platform segment to Advertising to better align with the nature of this business.2 Adjusted EBITDA,Adjusted EBITDA margin,and Free Cash Flow are non-GAAP measures.Please see“Non-GAAP Financial Me

4、asures”and the reconciliation from GAAP to non-GAAP measures in the Appendix.$377$373$835$999$1,159$1,259$1,4053Q244Q241Q252Q253Q25Revenue($millions)$647$770$938$1,018$1,15877%77%81%81%82%3Q244Q241Q252Q253Q25Adjusted EBITDA($millions)$433$596$724$772$83652%60%62%61%59%3Q244Q241Q252Q253Q25Net Income

5、from Continuing Operations($millions)$551$701$832$772$1,053$545$695$826$768$1,0493Q244Q241Q252Q253Q25Cash Flow and Shares Outstanding($and shares in millions)Cash Flow from OperationsNote:Totals may not sum due to rounding 1 Adjusted EBITDA,Adjusted EBITDA margin,and Free Cash Flow are non-GAAP meas

6、ures.Please see“Non-GAAP Financial Measures”and the reconciliation from GAAP to non-GAAP measures later in this update.AppLovin Corporation /3Q25 Financial Update2Free Cash FlowShares OutstandingNet Income from Continuing Operations340335338339339MarginAdjusted EBITDAMarginNon-GAAP Financial Measure