AppLovin Announces Second Quarter 2022 Financial Results

Rhea-AI Summary

AppLovin Corporation (NASDAQ: APP) reported its financial results for Q2 2022, detailing its performance metrics. The company will host a webinar discussing these results and a recent non-binding proposal to merge with Unity. AppLovin provides a marketing software platform for app developers, focusing on user acquisition, monetization, and measurement, and is headquartered in Palo Alto, California. For more details, access their investor relations website.

Positive

• Announced a non-binding proposal to combine with Unity, potentially increasing market share and synergy.

Negative

• None.

PALO ALTO, Calif.--(BUSINESS WIRE)-- AppLovin Corporation (NASDAQ: APP) (“AppLovin”), a leading marketing platform, today announced financial results for the quarter ended June 30, 2022 and posted a Shareholder Letter and Financial Update at www.investors.applovin.com.

Webcast and Conference Calls

AppLovin will host a webinar today at 2:00 PM PT / 5:00 PM ET, during which management will discuss second quarter 2022 results, provide commentary on business performance and discuss the non-binding proposal¹ to combine with Unity we announced yesterday. A question-and-answer session will follow the prepared remarks.

The webinar may be accessed on the Company’s investor relations website or via the following dial-in number: 1-669-900-6833 and using webinar ID: 961 9876 0571. A replay of the webinar will also be available under the Events & Presentations section of our Investor Relations website.

About AppLovin

AppLovin's leading marketing software platform provides app developers with a powerful, integrated set of solutions to solve their mission-critical functions like user acquisition, monetization and measurement. AppLovin is headquartered in Palo Alto, California with several offices globally.

Source: AppLovin Corp.

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¹ AppLovin Submits a Compelling Non-Binding Proposal to Combine with Unity (https://www.businesswire.com/news/home/20220809005530/en/AppLovin-Submits-a-Compelling-Non-Binding-Proposal-to-Combine-with-Unity)

View source version on businesswire.com: https://www.businesswire.com/news/home/20220810005222/en/

Investors

Ryan Gee

ir@applovin.com

Press

Kim Hughes

press@applovin.com

Source: AppLovin Corp.

FAQ

What were AppLovin's Q2 2022 financial results?

The specific financial metrics for Q2 2022 were detailed in the released shareholder letter.

What is the significance of AppLovin's proposal to merge with Unity?

The non-binding proposal to merge could enhance AppLovin's capabilities and market position.

When will the webinar discussing Q2 2022 results take place?

The webinar will be held today at 2:00 PM PT / 5:00 PM ET.

How can I access AppLovin's investor relations resources?

You can access them through their investor relations website at www.investors.applovin.com.