canar.ai
Rankings/APP/Q3 2023 Analysis

AppLovin Corp

APP
Q3 2023(APP Q2 FY2023)Derived54.1% AI
AI Revenue %
54.1%
AI Fair Value
$43.2B
AI Revenue (Q)
$405.8M
Total Revenue (Q)
$750.2M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.gov

Analysis

Software Platform segment revenue of $406.1M out of $750.2M total revenue = 54.1%. Continued growth in Software Platform driven by AppDiscovery's ML-based ad targeting. Apps segment declining as a share of total. MATH: $406,063K / $750,165K = 54.1%.
Analyzed by claude-opus-4-6

Quoted Figures

Software Platform Revenue $ 406,063 ... Total Revenue $ 750,165
10-Q Q2 FY2024 (2024-06-30), Revenue Disaggregation table — Q2 2023 comparative column

AI Products Identified (Ring 1)

AppDiscovery (AXON recommendation 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