Applovin Corp - Ordinary Shares - Class A
APP
Market Cap$46.69B
Close$
Earnings Call Q2 2024
August 7, 2024 - AI Summary
AppLovin reported strong Q2 results with total revenue reaching $1.08 billion and adjusted EBITDA of $601 million, representing a 44% increase in revenue and an 80% increase in adjusted EBITDA from the same period last year.
The software business showed 5% quarter-over-quarter revenue growth, indicating continued improvement from their models as they learn from more data.
AppLovin expressed confidence in their long-term growth goal of 20% to 30% for the software business, driven by ongoing model improvements, enhancements delivered by the team, demand expansion into new verticals (such as web advertising), and supply expansion through broadening their demand base outside of gaming.
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$56.33
59.7% downside
Current Fair Value
59.7% downsideOvervalued by 59.7% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $46.69 Billion |
|---|---|
| Enterprise Value | $49.83 Billion |
| Dividend Yield | $0 (0%) |
| Earnings per Share | $1.01 |
| Beta | 1.92 |
| Outstanding Shares | 335,681,788 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 56.69 |
|---|---|
| PEG | 19.85 |
| Price to Sales | 12.7 |
| Price to Book Ratio | 69.83 |
| Enterprise Value to Revenue | 12.6 |
| Enterprise Value to EBIT | 46.57 |
| Enterprise Value to Net Income | 60 |
| Total Debt to Enterprise | 0.07 |
| Debt to Equity | 4.41 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Applovin Corp
902 employees
CEO: Adam Foroughi AppLovin’s global technology platform provides developers a powerful, integrated set of solutions to grow their businesses. AppLovin enables developers to market, monetize, analyze and publish their apps. Its studios create popular, imme...