Added to YB: 2024-08-21
Pitch date: 2024-08-19
APP [bullish]
AppLovin Corporation
+683.04%
current return
Author Info
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Company Info
AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally.
Market Cap
$220.7B
Pitch Price
$85.65
Price Target
N/A
Dividend
N/A
EV/EBITDA
56.55
P/E
79.29
EV/Sales
35.28
Sector
Software
Category
growth
The Best Rule of 40 Stocks - AppLovin Corporation
APP: Mobile ad tech leader, 44% YoY rev growth to $1.08B in Q2. AXON 2.0 AI platform driving 75% YoY growth. Software now 65% of rev, up from 49%. Expanding to e-commerce. 73.8% gross margin, 28.7% net margin. Cheap at 8x LTM EV/Sales despite 30-40% growth. Risks: ad spend pressure in weak macro.
Read full article (2 min)