Professional
Added to YB: 2025-03-03
Pitch date: 2024-12-31
APP [bullish]
AppLovin Corporation
-6.73%
current return
Author Info
No bio for this author
Company Info
AppLovin Corporation provides end-to-end artificial intelligence-powered advertising solutions for businesses in the United States and internationally.
Market Cap
$105.6B
Pitch Price
$331.06
Price Target
N/A
Dividend
N/A
EV/EBITDA
19.51
P/E
24.25
EV/Sales
15.53
Sector
Media
Category
growth
Alger Mid Cap Focus Fund Portfolio Holding: AppLovin Corporation
APP: AI-powered adtech platform for mobile apps. Q3 revenue +39% YoY, FCF +182% YoY. Expanding beyond gaming. DSP for ad placement, user acquisition, analytics. AI drives majority of revenue. Data advantage from game portfolio enhances network effect. $2.3B share repurchase authorized. Experiencing positive lifecycle change.
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