AppFolio Lifts 4Q Revenue, Profits

Dow Jones

Jan 31

By Emon Reiser

AppFolio boosted its fourth-quarter revenue and profits as the company continued investing in artificial intelligence for its property management software-as-a-service.

Appfolio posted a profit of $102.7 million, or $2.79 a share, compared with $30.27 million, or 83 cents in the same quarter a year ago.

Stripping out one-time items, adjusted earnings per share were 92 cents. Analysts polled by FactSet expected 94 cents.

Revenue rose to $203.7 million from $171.8 million. Analysts surveyed by FactSet had been expecting $200.1 million.

The company expects full-year revenue between $920 million and $940 million.

"Our investments in AI and the resident experience are translating into meaningful outcomes for our customers and fueling our mission to build the platform where the real estate industry comes to do business," said Shane Trigg, President and CEO, AppFolio.

Write to Emon Reiser at emon.reiser@wsj.com

(END) Dow Jones Newswires

January 30, 2025 17:54 ET (22:54 GMT)

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