AppLovin's stock price soared due to pivot to high-margin software business, impressive financial growth

From Yahoo Finance: 2025-06-23 10:48:00

AppLovin Corporation’s stock price has seen a significant rally, reaching $290 from just over $9 in December 2022. The company’s pivot to a high-margin software business with the AXON 2 advertising platform has led to impressive financial growth, with revenue and EBITDA estimates jumping to $4.6B and $2.6B respectively in 2024. The stock trades at ~25x 2026 EBITDA, supported by strong margins and growth. Analysts highlight the transformative potential and underappreciated margins of APP’s business model, driving exceptional stock performance.



Read more at Yahoo Finance: AppLovin Corporation (APP): A Bull Case Theory