APP - Earnings call transcript Q3 2021

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Operator

Greetings and welcome to the AppLovin Third Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mr. Investor Strategic of for Head Gee, Relations Finance and AppLovin. Ryan you. Thank Mr. may Gee, you begin.

Ryan Gee

and AppLovin’s everyone the you, welcome Thank Jason to September XXXX. quarter XXth, earnings ended for call

and our Joining XQ to Officer, performance discussing investors.applovin.com. earnings Herald that at President results release, Chairperson, note Financial Adam Please are SEC are and me available Chief Foroughi; discuss our Co-Founder, our today Chen. and our and Letter CEO filings, Shareholder

in the future today's assumptions Actual regarding them. SEC clarification. further and During assume recently results Please we predicted. future These company. filings making may and to materially factors most we on the performance risk elsewhere statements in update forward-looking filed financial as from statements call, be our the results and XX-Q our for no based may the differ obligation Form of review events are beliefs as well

We our are replay that, Letter, a be will and to IR non-GAAP it measures GAAP superior discussing substitute for and GAAP be on CEO, our Reminder available over conference measures I Adam With will Please be our reconciliations call now financial being website are to review measures. press intended our of recorded sure to shortly. these earnings as financial this Reconciliations our also our is to XX-Q. results. or will turn Foroughi. be non-GAAP included not release, in non-GAAP and Shareholder

Adam Foroughi

Ryan. Thanks

Shareholder Letter and our our headline Our QX results outline strong performance.

our and platform my things building how really Q&A. want three I I'm are comments that is differentiated to model for time the to to going brief driving our So, to allow success. keep more speak emphasize we

are fast growing. how we consider First,

million. XXX% Our year-over-year grew to just software platform $XXX revenue

and accelerating for net row quarters our their Our dollar specs new now, largely growth a retention base organic. XXX%. We quadruple was has in been four

of opportunity the ahead us. consider Second, massive still

growing to strength fast changes, do technologies. which business IDFA continue and XX% before platforms team were to absorbed a our saw and software platform our so most grew the sequential testament quarter-over-quarter. of gains, market our yet We changes advertising the after, As modest is

Our customers a and are the direct our platform. performance-driven, that our scale strong our is performance integrated reflection growth of of means

is business and advantages of growth machine the learning AXON. continued model proof by our rate platform, created exceptional Our

years not path but may a for excited it, year That's why and performance XX% think only adoption. acceleration You seen to for old in software realize our rapid about is come. AXON grow business We many have plus to our and a so we we're future. we've customer year-over-year

quarter lot would AppDiscovery growing on versus grew of and more take versus just software and execution specs a for time. there's only to next salesforce our GAAP what $XXX,XXX first XX% for Adjust our XXX grew QX, have specs reported just The a revenue. spec the per decade. the we would each dollar per XX% accounting per adding dollar but year. spec MAX clearly ahead, on imagine just us count Today, per brought QX. and It XX% it of specs a grow XX% of that Now, take like for for year

begun just We selling have our AXON. platform,

almost $XX all is the It XX performance ones. imagine dollars isn't a all new hard and to opportunity in Our attract being us existing And remember have for years. margin. clients exceptional huge we a to software our incremental billion are business

XX,XXX year of and MAX ad manage fastest already media $X consider around MAX largest MoPub. their as of a apps powering platform one ad A the growing ago, is billion spend. MAX software using were combination Lastly, to potential the in and monetization. exchanges

of our would the our you to growing details. spend unified in off We surpass across through industry This entering is believe advertising that, almost Herald number and in our rapidly. that QX, bidders advertiser it largest walk all hand exchange $XX ecosystems to XXXX. financial of end the the should world. of I'll one With platform As XX,XXX billion make

Herald Chen

Thanks everyone Adam time and thanks to today. for us taking to the join

As another in the to strong did with than -- that's momentum performance pleased the were the number very we're of the on you in fourth in rule half the revenue growth the digits. year business year-over-year, well we under drive beyond. and EBITDA continuing In three can we feel extremely XX% We quarter, we first total and more quarter EBITDA for next able year-over-year. QX, year and Adam, the doubled and well-positioned grow like hear margins XX% we're have from of of saw

a we're specs. noted, excluding our Shareholder XXX%. when those to adjusted, year I of was efficacy the number and that you'll software last the that getting details exceptional one versus As few market, each software It's find Adam quadrupled due increased our revenue the of to Letter. organically platform Even highlight specs performance more solutions our wanted added by that's to and software rate both adding clear as of well from increasing the as take in we

and that in XX% software business. our drives be overall margins grows, can that as represents and reinvested revenue now our Software of our cash flow

app the solid maps as increased side, a XX% quarter-over-quarter the and well. portfolio On very grew performance year-over-year, our

we've in including where that we across generating slate studio software generate Engine, reinvest an and Machine our party us software powers flow as in from in component key Learning really QX, While first Note, our invest which this investments which been the this future behind robust is to cash a scale know, you standpoint, extra data, titles. board, to business from strong more application is platform. AXON or capacity performance a development of allows helps this

tailwinds see position about our financial positive are market As strategic and we and to our excited expanding continue entering in business Adam XXXX. mentioned, soon and

over a fiscal the growth outlook software billion over million As offered we That's about of also revenue in the quarter. second our reach $XXX year-over-year in talked in $X second our for is XXXX. XX% to over quarter, target

a run rate would that, revenue million. of and $XXX of XXXX add million with of top pending would to incremental that have at very on million $XX about MoPub, $XXX exiting minimal costs acquisition Now, an

the timing of approval of As waiting determine to transaction. close discussed, we're for that the regulatory

take summer experience your we AppLovin Directors. in new Harvey Officer modern of past joined pleased roles will our to verticals help that be Dawson a software is I tech Her Board Chief initiatives. deep and time are at across has also to Gusto, We're to and Cathy this Alyssa platform. Board currently pleased Before accretive member that highly Legal lead also consumer HR Adam our Alyssa joined Sun Board. past the to full announce announce our questions,

stepping role -- from Board Given With meeting. to this her she'll down our organize she stepped new down Board that, has over I'll the in some it the from Ryan be help questions. to Board, past turn

Operator

[Operator the question-and-answer Youssef from Instructions] comes Truist Our first begin Squali We question Please go Securities. from will now ahead. session.

Youssef Squali

Great. Thank questions. you quick very much and guys. congrats, Two

growth reasonable. the revenues, already quarter as looks think should I how $XXX year AXON guess next in at the launch about in software platform pretty the fiscal First, growth, and rate, I million XXXX, guess particularly anniversaried for have you've target that September, we you billion the explosive on maybe fourth your anniversaried of $X run

your XX we segment? And see is clients wondering maybe half of net attraction to net Just with think quarter, then in to is the maybe ads of should think you guys ex-Admob, from I the upside half the were the and line there if look we solution, which or or look new, which in potential is the upselling it to in think specs maybe I did Thank in cadence QX, came course. those Adjust, kind that as right other if looks of the we'll you like of at -- right speaks interpretation what growth in prior that you. the that forward

Herald Chen

Adam in I'll reverse Maybe and on you Youssef. order. add take start can Thanks and

in we had you we we our of of we Adjust quarter, number Just XXX the for XXX. and specs software, articulate Adjust, on excluding out Shareholder it specs in have in break terms that Letter, AppLovin excluding second the the do that

So is rate, additional run about Adjust. right XX you're excluding that

by that total access Adjust XXX. way ended our Now, and us Adjust product adding the the they're obviously well, gets spec growing attribution the of salesforce, that for give as us solutions, and on is their cross-selling to count themselves to

progress. bandwidth as well. sell salesforce. able goes that if So, obviously lot Ultimately, to MoPub, technology we're that in We're that terms more of we're to excited as by by team a close excited well as

cross-sell, just harder So, it'll on for that's specs spec customers rate it to we at a the us Was I as AppLovin alone. think do they're to know, get XXX, only our XX-plus you to run start continue good for those to we platform, really that level an MoPub but as against the will have more confusing It execute be today. X,XXX over determine. customer,

with in price customers we our that will we're existing also not think growth had to spec the new, momentum continues intend of And XX% Adam machine scale on the quarter-over-quarter question engines machine engine your become lot software, first regarding we that technology, today. rate, quarter increase the and by learning where increase Adjust our time. second So, over guidance the there's a viewed to guidance the But as update don't may time, for we And software be as but that respectively. XX% with as said, to excited salesforce quantity extremely improve. the will and ramp in we continues improve continue learning gave

then there is with a to there. cycle on in hopefully we that be XXXX, add we And MoPub will accelerate as able platform, virtuous So sometime, improvement. the from it to to

quarter be in general, number when fourth the about our year. our numbers update we I plan would report early next think software guidance talking to including

Youssef Squali

Herald. Got it. Thanks

Operator

comes Suisse. question Credit The from from Ju ahead. Please next Stephen go

Stephen Ju

you. Thank Okay.

Adam, So, big picture.

at X in clients Shareholder of your disclosed about year. billion that you I the last half helped the think apps quarter's first you Letter, install

installs track have on per people, of a to for year, run that's billion like So, like to that on into. lot which we around of for that all user this like audience you per you if make two seems whitespace X X year, are installs billion

that a lot more talked you're together can the ad about to that you of drive, showing you coming a that the about talk you make dollar are for your impressions use now. pieces So, that but efficient growth

growth drive Thanks. pricing can installs what be XX to the over as XX we if volume-driven, to you billion, about going billion like your time? from taking So, X timeframe? over billion not is help billion, some maybe effective year higher maybe can think Or this XX

Adam Foroughi

learning to our only we ago, get had we that more accumulate easy over And started of specs. time opportunity. business. more the is the really to a of outlook really Steven. year the because old this AXON some year excited saying but in, Thanks the ties in it's business, the I was really on more a lead data in as much year software many forget they When And platforms and just machine we're platform in precise the about stuff hundreds back and

machine personalize Now, a performance. we or one, very customer. had it Well, was accurately matchmake to a have substantial with getting in spending have XXX. customers it Imagine and what couldn't software learning XXX we that a exceptional show are going of that amount us terms

will to an become of So, capacity drive what because more bringing the more we're then pricing We next offering, over personalized most that about the drive to and up competition. customers decade. give that'll excited up lead growth it'll immense the is the amount platform also think online, can in

Stephen Ju

Thank you.

Operator

next Please go from Tim Macquarie. Nollen comes ahead. from question The

Tim Nollen

Thanks very much.

ask Just question like please. MoPub a to on

the but a really obvious more thing on that like it's scale that how talk on it or it Thanks. of help to the say it that can help you. scale an can coming you important, I growth can side, It to a rate its bit kind aviation bit And acquisition, you is growth? color then you? could maybe -- benefits accelerate more especially help your just If seems how [ph] slow about wonder accelerate been how seems your fairly it helps much have really into brings much

Adam Foroughi

really as the successful platform of brands a into set and a a bring of our in in, of grown launched market billion built the for unified demand it tools the of mobile we of of accelerate about as three was world. When approach do demand we'll spent next developer. MoPub expand different MoPub a of as and we've into DSPs. marketplace, one ad noticed now be set a spend, itself attract was that demand pure and has we It's over that the the have in ago, platform years automated And Pretty game much products platform. a platform solution right working decade. ecosystem. the agencies in and year, this demand. is we They catered grow. much that even more think year that lot MoPub every that a billion incremental Tim. marketplace. robust for $X to processing has the with a once over that for and platforms that to on $XX what big, out on advertising would What a a in DSP get think bring Thanks been which built the was immensely. target MAX bringing well around mobile didn't a lightweight When of we tools. are mobile the broader MAX the to They By we supply that to functionality and layer makes late took Tools has it point largest combining whole demand go happens, you will we'll the attracts supply platform

Tim Nollen

sectors beyond you expand it as other does And well? into the gaming vertical Thanks. much

Adam Foroughi

a with broader works demand set and built just for that technologies of non-gaming products gaming. games MoPub lot And appealed of non-games. as these much as XXX%. a and they to both

going after ecosystem entire we're mobile So, app this and go solution. this with the unified to integration

Tim Nollen

Great. Thanks, Adam.

Operator

The next ahead. Alexia JPMorgan. go Please from from question Quadrani comes

Alexia Quadrani

a wondering the client through the an time? you. could if could the onboard talk do update impacted attrition on how risk speak And then onto and wonder on businesses their I'm and you'll during just Adam, Thank your of IDFA apps of integration just it, MoPub, quarter? if software maybe to how I MAX content changes Thanks. to you maybe provide you any that I'll follow-up

Adam Foroughi

long-term Twitter, way product focused has and a can we're the marketplace been and in retained discussions go innovation of when on a years. remember. terms reception in a exceptionally MoPub we core unified It's of investment a that reverse publishers. hadn't so of part MAX, been MoPub had itself, just But product. MAX talking many a of to customers about the I positive, wasn't focused I'll and been there order product advertisers both lot lot platform, product a business. that's do Yes, our for as

there's yield, And immense tapping lot parties publishers, incremental we platforms a bringing demand, about more two of so the the ecosystem as create into in it. think we've and more spoken excitement this the scale that will which possibility competition, for publisher of all with and to and together, the growth more intersect

in lot in mostly impact IDFA marketplace, platforms, the you terms our a growth. advertising numbers advertising in the question, and first as was saw muted the On of quarter-over-quarter of

terms was of CPMs as IDFA on diminish in there. that's targeting with loss is on away, over gains going with demand there So, offset publishing possible and did publisher on Android shifted that side iOS, the

that faster us quarters to fast the and Now, to fact continues a in were And first-party competition strong and grow our paired learning few stood quarter-over-quarter That for what scaled the really that led of fuels machine an to prices stronger quarter. the than others. AXON on allowed than already advantage the with platform, growth as system. that's our others. our because because we our down that AXON came lessoned, marketplace And of trajectory platform last have we accelerate data

Alexia Quadrani

Thank you.

Operator

question from BTIG. The from ahead. go comes Clark next Please Lampen

Clark Lampen

idea of a limited in The on wanted scale of the When Hi, points developers of with of way deal terms checks kind biggest that a gaming ask budget in guys. the quarter, Good as deployment friction. sort MoPub go of because was the I peers into and we sort reducing last IDFA relative were we to reach. seemingly long that you did question. share, were that seems somewhat and evening. of came to some one to friction of of sort up the follow-up

also specific base? you're maybe consumer maybe us to active next? So, to I into that grow over increase here? expect getting or new And Adventures are spending gains year launched content curious Bermuda increase pipeline he give just player from guys you compound to on to of if wanted or games update on there or compound Thanks. or where could I and see Belka, expecting like maybe share the the this separately then we an And business, balance deliver studios or what the to wanted should if I'm help you at might recapture looks the whether see

Adam Foroughi

those the lose a as you that And customers question, especially possibility be depend grow gotten we've third-party more goes more technological obviously, be first is as factors. as that data. to built have when to almost quickly Companies the -- identity, gains. grow on on could to we did away, when able the of ID think quarter-over-quarter. across are, as it or to business on identity We much we've executed So, of enhancement, we three share all

our and data. first-party our identity Our models built on are and datasets

And business platform from you low and a advantaged as a position. a so very room of talk very point as penetration of for clients, ended software ours we only about big enterprise quickly We're growth. up getting a When leaves that's as in it lot is, also XXX having customers. with starting as it

all vectors the So, coming we in executing were changes decrease on in. IDFA competition already help market.

business And going others for are we to continue to it. has that Our to model hard be accelerate overcome. through advantages

about billion business. access will point a the at one year Now, and going there our the customers we're MoPub going and for a prospects MAX is future and green unified come this in field to supply, few of so through the are more add world platform that market and the excited spend exchange of our there's flowing is that us opportunities on be of very scale are $XX ad as single to just be really

releases development game really In In to touched growth going terms last data, in software is going a focus facilitate do important. to on our in on we organic titles, we business, games and key games, there's quarter, first-party and and data heavily of we've forward. in is this to continue in evergreen as of order be games particular, -- invest touched

content So, fresh. we do our want to keep

Over believe $XXX years three investment. titles, is launched and of the And that $XXX players a and half what took next multiple three will three All rate develop. the for launched Master year, evergreen the right year get cost run come. that quarter; plus achieve million title Farm, Slot. titles one that Ace and we'll dollars we year Bermuda the quarter, the We be we a of Jackpot Defender, to those will we call will to think million an go run in engage revenue millions we over to

As invest and around invest the monetize to growth workforce, on we can own our and continue now to roughly creators we're in a behind frequency, our more continuing fuel to coming organically app go highly our on then X,XXX fresh that we high of platform. amount data going the developing releasing successful them really in world, in, software content, side

Clark Lampen

Thank you.

Operator

next Pang Stifel. David question from Please Our comes ahead. go from

David Pang

Can guys. see question, the you the you for talk quarter? non-gaming of the an uptick about new Thanks Great. enterprise Did of clients? in composition clients

Adam Foroughi

The enterprise of the a are that threshold. just tipping part clients lot clients on new spending are platform and our more in still large

on salesforce QX as on that just exciting as dollar like just was smaller If threshold for a versus lot cross customers XXX% I'd new the point one Adjust the is continue quarter-over-quarter, in vertical. is and didn't we those XXX%. over our is cross-sell customers because clients to on roughly retention, that, working that's It it this, will the QX so the it us you've instead think The almost And system. of calling our well solution got our and non-gaming even -- really board X,XXX for growing opportunity fastest but grew touch net system, grow data Herald of that of in customers as touched to bringing well. into

MAX case the is across seeing grand don't still and on that studies yet. of in online non-gaming scheme But that out we of couple both opportunity. category a overall And Now, create as highlight a MoPub that formally integrate out and non-gaming too It's recently of be platform supply success. our all huge of and think is it growth to lot scale going we We've bring supply a our also we gaming compelling. and non-gaming with numbers. coming break our amount new small that customers publishers, very that of put it

specs a we continue forward, expect going new So, that to of part to coming growing be online. our

David Pang

Thanks. Great.

Operator

from The next question Blair. Schackart William Please ahead. comes from Ralph go

Nick Leibold

on MAX acquisition the platform. for and in-app recently Ralph to Unity MoPub Good your IronSource More announced evening. Schackart. This TapJoy is bidding its ask wanted offering its on about. I been Nick mediation announced and acquisitions a obviously talked Leibold of

So, how with mediation hoping competitive this you tech you share recent ad yours it maybe that is the and offering? could mobile on a I using and as threat? other your the consolidation ecosystem much within IronSource view and the benefit landscape net is consolidation. clients view there Do platforms to a your and growth of Or was crossover Unity's both unities on are

Adam Foroughi

And apps the the as Letter the that MAX of one blog innovation growing. one there use options In because they we pretty are how I in clients are has terms more one So, more yesterday a more launched we're of AppLovin actually options both use shows in these largest and almost robust three is years in it usually on tend publishers. solution partners. we fan to integrate. But marketplace, terms there demand What on publishing in platforms delivering focused being only to at the same platforms of for ago. And to touched best the Shareholder complicated be platform. integrated a of partners, grown don't out marketplace, years, link for put the we're have it's this fast publishers. the been XX,XXX on, and We is, and off another fairly to three that there The blog time. you

coming dollar The over through both audience, platform. a as lot roughly and and integration. spent double, apps, So, can it will MoPub scale of think and that take terms you more, almost the in create exclusive clients of

gains products the and all that publishers about to from going and be the we're enable, able platforms, And of possibility that will unifying the see of to the we're that. really advertisers so excited

so very on And vision forward. our we're going focused executing

Operator

from from go Please comes question Nowak Morgan next Stanley. The Brian ahead.

Matt Cost

spending the were for on like drivers people both per Hi, Thanks statement. referred kind flow about wasn't guidance, for rate. question. just know, that the anything up share just up a guys, like was in I'm XX% formula worth -- you think quarter acquisition of those any XQ. was does And XQ the revenue just as of you into growth, How more Adam, from there any at multiple They to looking looks second are basis? was I spend of on products? contribution taking in growth, for Brian. cash how million secondly, use at acquisitions? growing they Looks you are you then -- it's in? more to go about a of a was there wondering using for future it businesses of the the wallet composition but composition there spec that just brought product, do over on? putting Matt the $XXX time? your Thanks. like And growth What just know what on spec

Adam Foroughi

It's second per per goal let they new really food capital me is or answer the simple. just spend very a The for it our specs touch efficiency. usage cost or Customers Herald on so the have, cost buying a the quarter. on a on in are they're basis. platform go they and performance that purchaser, but buying driving the cost question, subscriber, order, dollars in function return per Yes, targeting target. some They're then the it's a targeting of platform first buying, growing on a ad of and one, on business factors either specific will

put system more our system more our spend efficient. customers and into more, gets they As data

As dollars it system. more to want put they more gets efficient, into the

dollars what sticky continue with it that's them dollars creates a to quarter-over-quarter, the just spent. the have XX% gets to invest to they So, you saw that into clients just desire quarter, platform same in more product the this growing a that very and

only system. we XXX in the again, have Now, specs

continue As numbers. growth platform, and up, function the going that accelerated we two to goes that aggressively they're getting to customers factors both get more in those the to if are at a clip. more spend want competition a more have combined they results creates competition price inevitably, create on to And

you we're And so time. as become that's create got the we're inflection to formula have add competition, agencies sophisticated MoPub be ecosystems so that's the we're to DSPs team well, sell a very point fueled over that's salesforce, ad what growth been bringing about. that very and developers. at. a able excited of We've big team. you That's as the that Consistently, and super app They'll lot and

will Our own team developers. be selling app

touch And so we right the can the think And from use going come. into to the on go many everything's to up as more Herald clients come for of in, here years cash.

Herald Chen

be the another game want things spend augment in however, the us drive we adding data, for Because the continue app app that did our was in the about quarter. we'll now we're apps, We're what included our know and We can and allows strong $XXX with certainly to fairly the as on pricing was got asset everyone on acquisitions an looking right Adam we've was in was but we we portfolio those long-term portfolio. first-party the Yes. time that can. we'll worth know But growth. fits casual and Thanks there on is waste of for lookout deal, super-focused right are quarter, MoPub on be else to comprehensive particularly certainty that That asset then we well. to that Look and and the you M&A so that of a with to find as the not the thanks criteria. don't then side, speed number, gaming, matt the looking with assets elevated million on not what purchase, in question. assets. looking hunt overall, certainly own opportunities market, in that the continue fit move for for one the as well software the on for, side, a given particularly quickly in strategic strategic there to of -- the we're want be and And we tell, the majority to

Operator

next Our Oppenheimer go Instructions] question ahead. Please [Operator is Yang from Martin & from Company.

Martin Yang

analysts. Adam afternoon, you on talk data your to question with? you studios how Herald. of the and first-party the development your on that on choose collected about scaled platform can follow-up partner and previous the app maybe are Good Can type inform A

Adam Foroughi

growth the the is on more in. the are what to the So, them that software the users really And on that's in, of first-party to users models other fuel important our fueling helps similar software inform are interested what are success much and It what's data scaled interested our side. side.

interest at the every around our scaled growth, across data That with almost data every the out, inform we we got the was We development that on facilitate world, And doesn't growth So, side. now mobile lot and can with of we've partner were believed then we engine Actually, software point many gaming numerous went in first-party mobile for that's app studios, so growth. to on that app -- go are that a into early a data these category. development X,XXX our expertise studios and across genre across helped goal studios category partnered grow. we us. do creators, their to them, gaming of an years, where with major feeds fueled and cycle what of XX

the organically very to investing creating games continuing now at. new excited market. and them where we're expand we're current releasing and about we're and taking into So, the them into games And

into long well. have as our engine we that, feeding we'll scaled monetizing execute to And so continue on we're that data exceptionally

Martin Yang

Thanks. it. Got

any MoPub and that to touchpoints approach the you they not to just is Or work The non-gaming second customers? there's are between will customers. whether help non-gaming separate question synergy with or Adjust,

Adam Foroughi

gives It an both very MoPub to and team access potential us clients, more the for mediation platform. obviously, The unified also is Adjust AppDiscovery seasoned.

front in will sales. team, us solutions go which the facilitate leading think we integrate a attribution, in with reach will publisher an So, company integrate terms let And of of unified and major sales growth, single will access both create sales. every more advertiser offering, space, across market discovery and of should they'll get the just our in salesforce monetization and

Martin Yang

much. very you Thank it. Got

Operator

Our BTIG. Clark last from from question comes Please ahead. go Lampen

Clark Lampen

Thanks question coming a business? a breadcrumb guys the for the Can stratosphere. sense And are bit the today? Kathy just dropped for to us you differently. explore for the some remind going willing to But on new what you think give our ask on that opportunities the a be I've punch you for Florida board with this a got to follow-up. if attractive now? help [indiscernible] general into most taking of hunch initiatives us curious you business time you he's are Or might maybe guys adjacent what spending to you

Adam Foroughi

on growth seen we in is will Well, over software. We what can are is Because but plus to well you XXX we else be billion us. and competitive went we'll and and of thought talk about And machine do is highly ourselves assets year dramatic really ago to guides the there about AXON place you've type that soon, we ad really XXX ago, right should this ecosystem. think Clark, what offer from initiatives. a now, something and have what learning get and what year, launched that? else engine our we with accelerating applied that guide to can in next around that's that's a always can that new What ask year working learning a machine years

using is and screen that using serve our predominantly data full scale consumers first-party grow. in have app them places monetize to Another where way on ads. data, we that out we other engine consumers ads, this video What go and find it at the software those inventory we think are create mobile now, we can video go about and right were

month. audience So, that's most actives important for a of another XXX maybe, games. is way playing own network and content million around think about to billion game about. got our it our we think our users third audience and And our -- is building the isn't platform. The billion $X X,XXX X We've developers, mobile the monthly then what

also consumer of go the ours. opportunities in it's that that those games, gameplay and and mobile and usage game can terms third-party clients to the newer game use massively of like reach of ownership interesting. some of mobile for a be Metaverse audience building players us audience could after So, then games to and developers things and that blockchain If scaled and we then both

execute We think the we of exciting so very And next of these hope above. to place we've about things. really go got of over you'll we many the think all assets years, on opportunities see in after these us and couple

Clark Lampen

Appreciate it. Thanks.

Operator

The you queue. the today's attending in questions more has concluded. no presentation. conference Thank are for now There

disconnect. now may You

AppLovin (APP) 11 Nov 212021 Q3 Earnings call transcript