AppLovin Corporation (NASDAQ:APP) Q4 2023 Earnings Conference Call February 14, 2024 5:00 PM ET
Company Participants
David Hsiao - Head of Investor Relations
Adam Foroughi - Chairman, Chief Executive Officer and Co-Founder
Matt Stumpf - Chief Financial Officer
Conference Call Participants
Omar Dessouky - BofA
Tim Nolan - Macquarie
Jason Bazinet - Citi
Ralph Schackart - William Blair
Vasily Karasyov - Cannonball
Matt Cost - Morgan Stanley
David Karnovsky - JPMorgan
Chris Kuntarich - UBS
Operator
Welcome, everyone, to the AppLovin Earning Call for the Fourth Quarter and Year Ended December 31, 2023. I'm David Hsiao, Head of Investor Relations. Joining me today to discuss our results are Adam Foroughi, our Co-Founder, CEO and Chairperson; and Matt Stumpf, our CFO.
Please note, our SEC filings to date, as well as our shareholder letter and press release discussing our fourth quarter and annual performance are available at investors.applovin.com. During today's call, we will be making forward-looking statements regarding our products and services, market expectations, the future financial performance of the company, and other future events.
These statements are based on our current assumptions and beliefs, and we assume no obligation to update them except as required by law. Our actual results may differ materially from the results predicted. We encourage you to review the risk factors in our most recently filed Form 10-Q for the fiscal quarter ended September 30, 2023.
We will also be discussing non-GAAP financial measures. These non-GAAP measures are not intended to be a substitute for or superior to our GAAP results. Please be sure to review the reconciliations of our GAAP and non-GAAP financial measures in our earnings release and shareholder letter available on our Investor Relations site. This conference call is being recorded, and a replay will be available on our IR website.
Now I'll turn it over to Adam and Matt for some opening remarks, then we'll have the moderator take us through Q&A.
Adam Foroughi
Welcome everyone, and thank you for joining. We're thrilled to report another outstanding quarter in Q4. We surpassed the high-end of our guidance and established a consistent pattern of exceptional performance throughout 2023. Reflecting on the last year, it's remarkable to consider how much we have grown and evolved in just one year.
After a challenging 2022 characterized by stagnant growth, we refocused on growing our existing business and investing in new initiatives. I am immensely proud of our team's dedication and hard work, which has resulted in our software platform revenue growing by 76% in 2023. Despite a challenged economic landscape and mobile gaming sector, we have continued to grow. This is a clear testament to the strength and potential of the updates we have made to our AI advertising engine, AXON.