APP - AppLovin: Severely Undervalued AI Company

2024-05-24 06:00:09 ET

Summary

• AppLovin reports impressive Q1 earnings, with revenue of $1.06 billion (48% YoY), and 52% adj. EBITDA margin.
• APP's AI-powered Axon engine is a game-changer, revolutionizing the advertising industry and driving strong revenue and margin momentum.
• The company is severely undervalued, with significant upside potential from current price levels.

Great Q1 Earnings powered by Axon AI

AppLovin ( APP ) delivered a very impressive Q1 earnings report. The company reported revenue of $1.06 billion, a 48% YoY increase, beating consensus by $85 million. The strong growth was driven by AppLovin's advanced AI technology, Axon 2.0, which continues to drive record revenue growth and margins....

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