AppLovin Announces $750 Million Share Repurchase Program

AppLovin Corporation , a leading marketing software company, announced that its Board of Directors has authorized a share repurchase program for the Company to repurchase up to $750 million of its Class A common stock. The share repurchase program is effective immediately.

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“We are committed to driving shareholder value over the long-term through a disciplined capital allocation strategy that balances investing in organic growth and strategic acquisitions, and accessing the markets as opportunities arise.”

“This announcement demonstrates our confidence in AppLovin’s business and the growth opportunities in front of us,” said Herald Chen, President and Chief Financial Officer at AppLovin. “We are committed to driving shareholder value over the long-term through a disciplined capital allocation strategy that balances investing in organic growth and strategic acquisitions, and accessing the markets as opportunities arise.”

Under our share repurchase program, repurchases may be made from time to time through open market purchases or through privately negotiated transactions, subject to market conditions, applicable legal requirements and other relevant factors. Open market repurchases may be structured to occur in accordance with the requirements of Rule 10b-18. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization. The timing and actual number of shares repurchased will be determined by management depending on a variety of factors, including stock price, trading volume, market conditions and other general business considerations. The repurchase program does not obligate AppLovin to acquire any particular amount of Class A common stock, has no expiration date and may be modified, suspended, or terminated at any time at the discretion of the Board.

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