AppLovin sold its gaming business in 2024. It now runs at 85% margins, growing 59%, generating $1.29B FCF per quarter. The market hasn't updated the label.
AppLovin: The Platform in the Wrong Costume
AppLovin sold its gaming business in 2024. It now runs at 85% margins, growing 59%, generating $1.29B FCF per quarter. The market hasn't updated the label.