AppLovin Corporation

$19.00

SKU: APP-1 Category:

Description

AppLovin Corporation managed to exceed the revenue and earnings expectations of Wall Street. The company achieved historic software platform revenue, high margins, impressive operating leverage, and good free cash flow due to the tremendous efforts of its team this year, especially in spearheading the introduction of its AXON 2.0 engine. Their impressive result during the quarter proves that the laser-focused strategy they presented approximately a year ago is effective. The total revenue exceeded AppLovin’s high-end forecast by $750 million. The Software Platform sector achieved significant revenue of $406 million, which reflects an increase of 28% over the previous year. AppLovin also kept trying to balance profitability and revenue throughout the quarter. With $334 million in sales from apps and $61 million in adjusted EBITDA for the second quarter, the company had an 18% margin. In addition to managing for overall margin and aiming for a mid-teen adjusted EBITDA margin range over the medium term, the team continues to make prudent investments to fuel top-line growth through new game development and user acquisition marketing. Their management intends to focus on executing and enhancing their core products and technology.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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