Professional
Added to YB: 2026-04-17
Pitch date: 2026-04-15
APP [bullish]
AppLovin Corporation
-3.7%
current return
Author Info
Company Info
AppLovin Corporation provides end-to-end artificial intelligence-powered advertising solutions for businesses in the United States and internationally.
Market Cap
$146.2B
Pitch Price
$484.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
34.33
P/E
43.19
EV/Sales
26.89
Sector
Software
Category
growth
Bristlemoon Capital Added On Portfolio Holding: AppLovin Corporation
APP (added to position): Largest fund position, down -41% in Q1 on misplaced AI disruption fears despite rising earnings estimates. Q4'25 rev +66% YoY, adj EBITDA +82% YoY at 84% margins, 95%+ incremental margins. Core mobile game ads robust. E-commerce rollout promising: 1.3% CVR now, mgmt targets 5% (multi-x rev lift). Self-service portal launching 1H26 = explosive advertiser growth potential. Valuation: 25x fwd P/E despite EPS expected to 2x from '25-'27. Added sub-$400. AI video gen tool eases ad creation, boosts conversion. Highly volatile but significant growth mispriced.
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