AppLovin sees Q1 revenue $685M-$705M, consensus $682.2M

The company states: "For the first quarter of 2023, we see the mobile ad market remaining relatively stable. Developers continue to closely monitor their overall profitability and advertisers appear to be maintaining overall ad budgets and return on ad spend goals, informing our outlook for the quarter. For the first quarter of 2023, we expect consistent performance to our fourth quarter of 2022 with total revenue of $685 to $705 million, Adjusted EBITDA of $250 to $270 million, and an Adjusted EBITDA margin of 36% to 38%."