Professional
Added to YB: 2024-10-11
Pitch date: 2024-09-30
APP [bullish]
AppLovin Corporation
+412.78%
current return
Author Info
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
$130.79
Price Target
N/A
Dividend
N/A
EV/EBITDA
56.55
P/E
79.29
EV/Sales
35.28
Sector
Software
Category
growth
Bristlemoon Global Fund New Position: AppLovin Corporation
APP: Initiated position at low-20s P/E, now 8% holding. Q2 2024: software rev +75% YoY, earnings +91% YoY. Trading at <20x P/E despite strong Q3 guidance. Leading ad network for mobile apps, 56% of rev, 85% of EBITDA. AppDiscovery (65-70% of software rev) & MAX mediation (20-25%) drive growth. 73% adj EBITDA margin, 107% CAGR 2020-2023.
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