Added to YB: 2024-02-16
Pitch date: 2024-02-15
APP [bullish]
AppLovin Corporation
+1046.05%
current return
Author Info
Okapi is a former hedge fund analyst who focuses on Consumer and TMT Stocks. Sign up for the newsletter.
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
$58.52
Price Target
N/A
Dividend
N/A
EV/EBITDA
56.55
P/E
79.29
EV/Sales
35.28
Sector
Software
Category
growth
AppLovin Corporation - $APP
APP beats Q4 on AI-driven 35% rev growth, 80%+ incremental EBITDA margins, .70 FCF conversion. Trades 9x '24 EBITDA (conservative vs 15-20x). Reducing shares 10%, new $1.25B buyback. Software +88%, AXON AI key. Risks: opaque B2B, but outperforms $U. Could 2x on healthy growth (volume + pricing), benefits from GOOG privacy changes. MAX at >1B DAUs. Raises LT FCF guidance to 70% of EBITDA. Top pick for author despite nearing investor saturation.
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