AppLovin Corp
APPQ2 2025(APP Q1 FY2025)Derived78.1% AI
AI Revenue %
78.1%
AI Fair Value
$86.5B
AI Revenue (Q)
$826.4M
Total Revenue (Q)
$1.1B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Advertising continuing operations revenue of $1,159.0M out of $1,484.0M total consolidated revenue = 78.1%. The Q1 2025 filing reported total revenue of $1,484,021K (including Apps which were later reclassified as discontinued operations after the June 2025 divestiture). Advertising revenue derived from H1 2025 continuing ops ($2,417,728K) minus Q2 2025 ($1,258,754K) = $1,158,974K. The company entered into a non-binding term sheet to sell its Apps Business in February 2025. MATH: $1,158,974K / $1,484,021K = 78.1%.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue $ 1,484,021 [Q1 2025 total]
10-Q Q1 FY2025 (2025-03-31), Condensed Consolidated Statements of Operations
Revenue [H1 2025 continuing ops] $ 2,417,728 ... Revenue [Q2 2025 continuing ops] $ 1,258,754
10-Q Q2 FY2025 (2025-06-30), Condensed Consolidated Statements of Operations
On February 12, 2025, the Company entered into a non-binding term sheet to sell its Apps Business to Tripledot
10-Q Q1 FY2025 (2025-03-31), Goodwill Impairment note
AI Products Identified (Ring 1)
AppDiscovery (AXON AI-powered advertising engine)MAX (in-app bidding monetization)
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Adjust (analytics SaaS)Wurl (CTV platform)
Confidence Tier
DerivedCalculated from reported segments primarily serving AI