From Yahoo Finance: 2025-03-29 10:02:00

Jericho Capital Asset Management, founded in 2009 by Josh Resnick, specializes in long/short equity strategies, offering financial services to institutional clients. With $7 billion in managed assets, the firm focuses on global technology, media, and telecommunications sectors, cautioning investors on risks. Resnick’s extensive finance background and philanthropic involvement highlight his leadership in the investment world.

AppLovin Corporation (NASDAQ:APP), a mobile technology company, reported impressive growth in Q4 2024. Revenue surged 44% year-over-year to $1.37 billion, with net income skyrocketing 248% to $599.2 million. Advertising revenue drove growth, increasing by 73% YoY. The company executed significant buybacks and generated strong cash flow, setting optimistic guidance for Q1 2025.

AppLovin Corporation (NASDAQ:APP) ranks 1st on Jericho Capital Asset Management’s list of top stocks to buy. The company’s advertising business was a key driver of growth, with Q4 revenue reaching $999.5 million. With a focus on expanding its marketing platform and executing buybacks, AppLovin is poised for further growth in the mobile technology sector.



Read more at Yahoo Finance: This Hedge Fund Manager Loves AppLovin Corporation (APP)