Added to YB: 2024-01-07
Pitch date: 2024-01-06
APP [bullish]
AppLovin Corporation
+974.88%
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
$132.1B
Pitch Price
$38.33
Price Target
82.00 (-80%)
Dividend
N/A
EV/EBITDA
30.49
P/E
38.90
EV/Sales
24.30
Sector
Software
Category
growth
Applovin, deep value adtech to double again?
Applovin: adtech software biz in $90B industry. Max takes 20% rev cut, Axon AI drives ad $ spread. Shifting from gaming to software. Rival IronSource + Unity threat, but scale advantage. $1.7B EBITDA run rate at 9x EBITDA. Buybacks offset SBC dilution. 2x return potential on earnings growth & software model re-rating.
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