Professional
Added to YB: 2025-03-03
Pitch date: 2024-12-31
APP [bullish]
AppLovin Corporation
+46.77%
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
$157.6B
Pitch Price
$331.06
Price Target
N/A
Dividend
N/A
EV/EBITDA
32.68
P/E
40.77
EV/Sales
25.70
Sector
Software
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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