2024-04-22 12:48:51 ET
Summary
- AppLovin's 2023 earnings were solid, with revenues up 17% and accelerated growth in the Software Platform Segment.
- AppLovin is outperforming its competitors in the AdTech industry, with significant growth compared to The Trade Desk and Innovid.
- Based on a discounted cash flow valuation, AppLovin's stock has a 97% premium over its current price, with a 70% probability of increasing in value.
Overview
On December 07, 2023, I wrote an article about AppLovin (APP), AppLovin: Promising Opportunities Coupled With Considerable Risks . In the article, I describe the market opportunity, strategy, and business model of the company and outline the main challenges. I concluded that there was massive potential with a big market and a good dynamic for the company with network effects. However, I have some doubts about the challenges it faces....
Read the full article on Seeking Alpha
For further details see:
AppLovin: Reinforcing My Assumptions About A Bullish Business Potential