---
title: "Earnings Deep Dive | AppLovin FY2021 — Rev $2.79B (+92%), Soft Platform + Apps"
author: "Unique Research"
sourcePublication: "Unique Research (FFCAP English library)"
originalPublishedAt: "2022-07-11T18:19:04+08:00"
canonical: "https://ffcap.cn/en/research/20220711a08m6i00"
source: "https://ffcap.cn/en/research/20220711a08m6i00"
language: "en"
cnSourceUrl: "https://view.inews.qq.com/a/20220711A08M6I00"
---

# Earnings Deep Dive | AppLovin FY2021 — Rev $2.79B (+92%), Soft Platform + Apps

_Unique Research · Insight / Earnings · July 11, 2022 · Full rewrite — not a stub_

NASDAQ:APP FY2021 (filed ~Mar 31’22): rev **$2.793B** (+92.5% YoY), NI $35M, GP $1.805B, GM ~64.6%. Mkt cap ~$13.4B (Jul 6’22, $34.98). Founded Jul 2011 (CA); IPO Apr’21. Stack: AXON ML recommender + App Graph (100M+ devices/day) + elastic cloud; software platform (AppDiscovery, MAX in-app bidding…) + 350+ owned apps. Consumer (IAP) +$719M YoY (IAP volume +88%); software +$623M. S&M +$502M (+80%); R&D +$186M (+102%). M&A >$2.5B since ’18 (Adjust $980M, MoPub, Wurl ~$430M CTV, PeopleFun, Machine Zone…). Charts in CN images — attach on ingest.

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Editorial English edition published on UniqueCapital: https://ffcap.cn/en/research/20220711a08m6i00
On-site reading page: https://ffcap.cn/en/research/20220711a08m6i00