Applovin Corporation

Hello, everyone. Welcome to App 11 earnings release webinar. We will begin momentarily. We thank you all for your patience. And once again, everyone, thank you for joining today's App Love and Earnings release. We do thank you for your patience and holding will begin momentarily. Again, everyone, we want to welcome you to AppLovin's earning release. We thank you all for joining us today. We will begin momentarily. Please stand by. We are about to begin.

Welcome, everyone, to the App Lovin' Earnings Call for the second quarter ended June 30th, 2023. I'm David Hsiao, Head of Investor Relations. Joining me today to discuss our results are Adam Faruqi, our Founder, CEO, and Chairperson, and Harold Chen, our President and CFO. Please note our SEC filings to date as well as our shareholder letter discussing our second quarter performance are available at investors.applovin.com. During today's call, we may be making forward-looking statements regarding our products and services, market expectations, the future financial performance of the company, and other future events. These statements are based on our current assumptions and beliefs and we assume no obligation to update them except as required by law. Our actual results may differ materially from the results predicted. We encourage you to review the risk factors in our most recently filed Form 10-Q for the fiscal quarter ended March 31, 2023, and in our Form 10-Q for the second quarter, which we expect to file later today. We will also be discussing non-GAAP financial measures. These non-GAAP measures are not intended to be a substitute for or superior to our GAAP results. Please be sure to review the reconciliations of our GAAP to non-GAAP financial measures in our shareholder letter available on our Investor Relations site. This conference call is being recorded and a replay will be available on our IRL website. I'll turn it over to Adam and Harold for some opening remarks, then we'll open up for Q&A.

Good afternoon, everyone, and thank you for joining us today. We had a stellar second quarter, surpassing our revenue and adjusted EBITDA guidance, largely due to the expansion of our software platform business. I'm incredibly proud of our dedicated teams who've worked tirelessly to upgrade our advertising algorithms from Axon 1 to Axon 2. We started talking to you a year ago about the benefits we'd achieve both short and long term by upgrading our technology, and now we've executed on it. The launch has not only paved the way for a strong quarter, but also provides us with additional opportunities for future growth. The introduction of such a significant change in our technology required many hours of hard work, innovation, and risks taken. The result is a true testament to our spirit and commitment and demonstrates that we operate with the same speed and efficiency as we did in our time as a private company. This is what makes me particularly proud of what we have achieved. With cutting edge AI technologies at the heart of our core offering, our focus will now shift towards continuous enhancement of our technology, expanding our advertiser base, and extending Axon 2 to our Whirl and Array businesses. We are optimistic that these measures will fuel growth for years to come. In conclusion, we remain committed to providing long-term shareholder value. We are confident in the potential of our team, our technology, and our products, and our financial strength. We appreciate your trust and support, and we look forward to our journey of growth and innovation with you. Thank you. On to Harold to provide you with our financial highlights.