AppLovin Corporation (NASDAQ:APP) Q3 2024 Earnings Conference Call November 6, 2024 5:00 PM ET

Company Participants

David Hsiao - Head, Investor Relations
Adam Foroughi - Co-Founder, Chief Executive Officer & Chairperson
Matt Stumpf - Chief Financial Officer

Conference Call Participants

Clark Lampen - BTIG
Jason Bazinet - Citi
Matthew Cost - Morgan Stanley
Omar Dessouky - Bank of America
Chris Kuntarich - UBS
James Heaney - Jefferies
Alec Brondolo - Wells Fargo
Mo Khallouf - HSBC
Vasily Karasyov - Cannonball
Martin Yang - OpCo
Cory Carpenter - JPMorgan

Welcome to AppLovin's Earnings Call for the Third Quarter ended September 30, 2024.

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 third quarter are available at investors.applovin.com.

During today's call, we will be making forward-looking statements regarding our products and services, market expectations, our share repurchase program, including future amounts available for repurchase, the expected 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 second quarter ended June 30, 2024. Additional information may also be found in our quarterly report on Form 10-Q for the fiscal quarter ended September 30, 2024, which will be filed later today.

We will also be discussing non-GAAP financial measures. These non-GAAP measures are not intended to be superior to or a substitute for 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 for a period of time 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

Thank you all for joining us. We're excited to welcome a growing group of investors this quarter.

Before we dive into our strong Q3 results, I want to emphasize the role that our culture plays as a fundamental strength in our business. Recently in Silicon Valley, much has been said about the importance of founder mode. While I'm a very hands-on founder, I believe that the key to our success lies not only in my hands-on approach, but more importantly, in surrounding myself with a team that shares a similar mindset and drive. Here are some defining traits of that mindset.