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Posted by
Two Blokes Thu at 3:45 PM -
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Stock
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I reiterate my "Buy" rating on AppLovin Corporation due to its strategic pivot to advertising and potential gaming unit sales, driving higher margins and growth. AppLovin's Q4 results showed impressive growth with $1.37 billion in sales and a 78% YoY increase in adjusted EBITDA, beating top and bottom lines. Without Apps hanging on the firm's consolidated results (in the next few quarters after the sale), AppLovin should provide a clearer picture for its future corporate development in Q1/Q2 FY2025. The company's focus on non-gaming markets and the AXON platform's success could significantly expand its TAM and boost future earnings.
