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20$APP (+18.9%) I have now taken out my stake here after almost quadrupling it.
Gives me a little $SMCI Vibes, valuation is now quite high. Nevertheless, I am convinced in the long term and will let the rest continue. The amount will probably go into $ELF (+4.57%) (everyone is buying here right now xD).
Aftermarket after quarterly figures
+26% Applovin $APP (+18.9%)
+20% Lyft $LYFT (+0.66%)
+13% Dutch Bros
+12% Zillow
+9% Upwork
+8% HubSpot
+5% McKesson Corporation
+5% LiveRamp
+4% Take-Two Interactive
+4% QUALCOMM $QCOM (-0.3%)
+3% Gilead Sciences
+3% Paycor
+2% LATAM Airlines
+1% Tangier
-1% Coty
-1% Rapid7
-2% Albemarle
-4% Arm Holdings
-5% AMC Entertainment
-5% TripAdvisor
-7% Duolingo
-9% MercadoLibre $MELI (+6.83%)
-11% Match Group
-15% Wolfspeed
$APP (+18.9%)
| AppLovin Q3 Earnings Highlights:
🔹 Revenue: $1.20B (Est. $1.13B) 🟢; UP +39% YoY
🔹 EPS: $1.25 (Est. $0.92) 🟢;
🔹 Net Income: $434M; UP +300% YoY
🔹 Net Margin: 36%, improved from 13% in Q3 2023
Q4 Guidance
🔹 Revenue: $1.24B - $1.26B (Est. $1.18B) 🟢
🔹 Adjusted EBITDA: $740M - $760M
🔹 Adjusted EBITDA Margin: 60%
Q3 Software Platform (Advertising):
🔹 Revenue: $835M; UP +66% YoY
🔹 Adjusted EBITDA Margin: 78%
Apps:
🔹 Revenue: $363M; UP +1% YoY
Other Financial Metrics
🔹 Adjusted EBITDA: $722M; UP +72% YoY
🔹 Adjusted EBITDA Margin: 60%, improved from 49% in Q3 2023
🔹 Free Cash Flow: $545M; UP +182% YoY
🔹 Monthly Active Payers: 1.6M (DOWN from 1.8M in Q3 2023)
🔹 Average Revenue per Monthly Active Payer: $52; UP from $46 in Q3 2023
Business Highlights
🔸 Software Platform (Advertising) now accounts for the majority of platform revenue, showing substantial growth.
🔸 Enhanced AXON models through self-learning and technology improvements support greater advertising scale for partners.
🔸 Board approved a $2.0B increase in share repurchase authorization.
CEO Commentary
🔸 "We had another fantastic quarter with our AXON models, driven by technology advancements that enable partners to scale effectively. We are proud to play a role in reinvigorating growth within the industry."
$APP (+18.9%) crushes Q3 2024
Sales 1.2B vs 1.13B expected 🟢
Adjusted EBITDA: 722M vs 645M expected 🟢
Net income: 434M vs 322M expected 🟢
Outlook Q4 2024:
Sales 1.25B vs 1.18B expected 🟢
Adjusted EBITDA: 750M vs 667M expected 🟢
Main driver is the fast-growing and profitable software platform
Margins are literally exploding thanks to the software share (advertising platform)
Earnings next week
$$BRK.A (+1.48%) (Saturday)
All these stocks hit new 52 WEEK HIGHS at some point today
Visa $V (+1.22%)
Robinhood $HOOD (+5.61%)
Delta Airlines $DAL (+1.41%)
Trade Desk $TTD (+3.69%)
DoorDash $DASH (+1.74%)
United Airlines $UAL (+3.22%)
Wells Fargo $WFC (+1.06%)
Booking $BKNG (+1.31%)
Abbvie $ABBV (+1.03%)
Agnico Eagle $AEM (-1.82%)
Alaska Airlines $ALK (+1.35%)
Apollo $APO (+2.16%)
Applovin $APP (+18.9%)
Ares Capital $ARCC (+1.62%)
Celestica $CLS
Coupang $CPNG (-2.85%)
Corteva $CTVA (-0.19%)
Carvana $CVNA (+1.98%)
Duolingo $DUOL
Garmin $GRMN (+1.79%)
Hilton $HLT
$ICE (+1.07%)
Incyte $INCY (+0.36%)
Leidos $LDOS (+3.57%)
Live Nation $LYV (+0.74%)
Madison Square Garden $MSGS (+0.47%)
Nasdaq $NDAQ (+1.15%)
Sprouts $SFM (+4.46%)
Nuscale $SMR
Sharkninja $SN
Synchrony $SYF (-0.52%)
Texas Roadhouse $TXRH (+1.39%)
VF Corp $VFC (-2.78%)
WellTower $WELL (+1.63%)
AppLovin share price rises as analysts show their enthusiasm. $APP (+18.9%)
AppLovin ( APP ) shares shot up sharply on Monday following two optimistic analyst reports. Shares in the mobile app marketing platform hit an all-time high following the news.
Analyst Omar Dessouky from BofA Securities reiterated his buy recommendation for AppLovin shares and raised his price target from 120 to 210.
In a note to clients, Dessouky said he believes last year's launch of Axon 2.0, AppLovin's AI engine, initiated a transformation in terms of growth and profitability that "has been slow to be recognized in the markets and on Wall Street."
Dessouky said he has more confidence in AppLovin's core business, which is mobile game advertising. He raised his revenue and profit forecasts for the next two years.
AppLovin's software platform allows app developers to market, monetize and analyze their apps. The company also produces mobile games such as "Wordscapes", "Matchington Mansion" and "Game of War".
AppLovin share on the list of technology leaders
Elsewhere on Wall Street, Jefferies analyst James Heaney maintained his buy recommendation on AppLovin's stock and raised his price target from 108 to 175.
Heaney pointed to positive results from his company's quarterly ad tech survey on mobile games. Respondents forecast accelerated growth in mobile game advertising spend in 2025, he said.
"The consistently positive data from our survey suggests that AppLovin should be able to sustain 20 to 30 percent revenue growth in the software platform for at least the next two years," Heaney said in a client release.
https://www.investors.com/news/technology/applovin-stock-jumps-on-bullish-reports/
Tenbagger potential 🚀 ?
Applovin is one of the software stocks that currently only knows the way up.
With a new record high, the stock recently underlined its impressive rally once again and could now be heading for this mark.
On Friday, the AppLovin share marked a new record high of 147.60 dollars. From a technical chart perspective, it should therefore only be a matter of time before the share price breaks through the USD 150 mark.
Podcast episode 56 "Buy High. Sell Low."
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00:00:00 FED - money printer
00:16:00 Crowdstrike $CRWD (+0.55%)
00:33:40 PayPal $PYPL (+3%)
00:55:30 Coinbase $COIN (+8.63%)
01:16:20 AppLovin $APP (+18.9%)
01:28:00 Interest Winner
01:29:40 Traffic light retirement portfolio
01:49:20 Palantir haters $PLTR (+5.8%)
Spotify $SPOT (+0.87%)
https://open.spotify.com/episode/4TO8nsy6GqR3y9mwt9K9iX?si=8I29CxkERdSFA2JmSNzeaA
YouTube $GOOGL (-0.6%)
Apple Podcast $AAPL (+0.65%)
Bank of America raises the price target 🚀
The stock $APP (+18.9%) has been in my portfolio for some time now.
https://www.deraktionaer.de/artikel/indizes/applovin-mega-hausse-neues-kursziel-20366060.html
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