AppLovin Corporation (APP) FY2024 Q1 P&L / Income Statement

AppLovin Corporation (APP) FY2024 Q1 P&L / Income Statement

Income statement for 2024-01-01 through 2024-03-31. View: Business segment (2 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenue

1,058,115,000 US dollars

Cost of revenue

294,148,000 US dollars

Gross profit (calculated)

763,967,000 US dollars

Operating expenses (calculated)

424,408,000 US dollars

Income from operations

339,559,000 US dollars

Total other expense, net

negative 71,614,000 US dollars

Income (loss) before income taxes

267,945,000 US dollars

Provision for income taxes

31,762,000 US dollars

Net income (loss)

236,183,000 US dollars

Software Platform Revenue

678,370,000 US dollars

Total Apps Revenue

379,745,000 US dollars

Sales and marketing

226,687,000 US dollars

Research and development

155,323,000 US dollars

General and administrative

42,398,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.