AppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps worldwide. The company's software solutions include AppDiscovery, a solution to automate, optimize, and manage user acquisition investments for business clients; and MAX, an in-app bidding solution that optimizes purchases of app ad inventory. Its business clients include various advertisers, internet platforms, and others. The company was incorporated in 2011 and is headquartered in Palo Alto, California.
IPO Year: 2021
Exchange: NASDAQ
Website: applovin.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/10/2025 | $375.00 | Buy | The Benchmark Company |
| 11/20/2024 | $400.00 | Overweight | Piper Sandler |
| 11/8/2024 | $80.00 → $280.00 | Neutral → Outperform | Daiwa Securities |
| 10/29/2024 | $200.00 | Overweight | Wells Fargo |
| 10/22/2024 | $181.00 | Buy | Loop Capital |
| 10/14/2024 | $103.00 → $150.00 | Buy → Neutral | Goldman |
| 9/17/2024 | $100.00 → $145.00 | Neutral → Buy | UBS |
| 5/2/2024 | $70.00 → $93.00 | Buy | Jefferies |
| 4/15/2024 | $80.00 | Neutral | Daiwa Securities |
| 12/18/2023 | $53.20 | Buy | HSBC Securities |
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NEW YORK, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Nasdaq (NASDAQ:NDAQ) today announced that AppLovin Corporation (NASDAQ:APP), will become a component of the Nasdaq-100 Index® (NASDAQ:NDX) and the Nasdaq-100 Equal Weighted™ Index (NASDAQ:NDXE) prior to market open on Monday, November 18, 2024. AppLovin Corporation will replace Dollar Tree, Inc. (NASDAQ:DLTR) in the Nasdaq-100 Index® and the Nasdaq-100 Equal Weighted™ Index. Dollar Tree, Inc. will also be removed from the Nasdaq-100 Ex-Tech Sector™ Index (NASDAQ:NDXX), the Nasdaq-100 ESG™ Index (NASDAQ:NDXESG), the Nasdaq-100 Sustainable ESG Select™ Index (NASDAQ:NDXSES) , the Nasdaq-100 ex Top 30™ Index (NASDAQ:NDX), and the Nasdaq-100 ex T
AppLovin Corporation (NASDAQ:APP) ("AppLovin"), a leading marketing platform, today announced the appointment of Barbara Messing, former Roblox Chief Marketing and Communications Officer to its Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240227161788/en/AppLovin appoints Barbara Messing, former Roblox Chief Marketing and Communications Officer to its Board of Directors. Photo credit: AppLovin Corporation. "We welcome Barbara as an advisor and prominent addition to the AppLovin board," said Adam Foroughi, Co-founder, CEO and Chairperson of AppLovin. "As we expand the applications of our innovative technolog
AppLovin Corporation (NASDAQ:APP), a leading marketing platform, today announced the appointment of former Pinterest and Twitter executive Todd Morgenfeld to its Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230906011618/en/Todd Morgenfeld joins AppLovin's Board of Directors (source: AppLovin Corporation). "Todd will be an advisor and strong addition to the AppLovin board," said Adam Foroughi, Co-founder, CEO and Chairperson of AppLovin. "As we continue to execute on our mission of enabling companies around the world to bring their ideas, products, and content to more people at massive scale, I look forward
AppLovin Corporation (NASDAQ:APP) ("AppLovin"), a leading marketing platform, today issued the following statement regarding the closure of Silicon Valley Bank ("SVB") by the California Department of Financial Protection and Innovation ("CDFPI") and appointment of the Federal Deposit Insurance Corporation ("FDIC") as receiver of SVB. AppLovin has over $1 billion in cash and cash equivalents with less than $2 million at SVB as of March 10, 2023 and no SVB-related credit facilities. We expect to operate our business in the ordinary course and will continue to carefully monitor the situation. About AppLovin AppLovin enables developers to grow their business. Businesses rely on AppLovin's ma
PeopleFun, one of the world's top developers of popular casual mobile games including Wordscapes and Word Stacks, announced it has appointed Carol Miu as Chief Executive Officer, marking a momentous and pivotal milestone for the company. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220427005343/en/Carol Miu is Chief Executive Officer at PeopleFun (Photo: PeopleFun). Miu will succeed Tony Goodman as CEO. As one of PeopleFun's co-founders alongside Angelo Laudon and John Boog-Scott, Goodman has led the company since 2011 to its remarkable success today with more than 30 million monthly active users (MAU) across PeopleFun's games
SAN FRANCISCO, Feb. 1, 2022 /PRNewswire/ -- Adjust, the mobile marketing analytics platform, today announced that it has appointed Simon (Bobby) Dussart as CEO, effective immediately. Co-founder and former CEO Paul H. Müller will continue with the company in an advisory capacity. Dussart has held several roles during his 8-year tenure at Adjust — all laser focused on supporting Adjust's customers."Adjust is the leading global analytics platform it is today thanks to Paul's vision, tenacity and passion for the industry," said Adam Foroughi, Co-Founder and CEO of AppLovin, whi
AppLovin Corporation (NASDAQ:APP), a leading marketing software company, today announced the appointment of Alyssa Harvey Dawson to its Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211115005120/en/Alyssa Harvey Dawson (Photo: Business Wire) Harvey Dawson comes to AppLovin with more than 20 years of legal and business experience and she currently serves as the Chief Legal Officer of Gusto, an HR software provider. Previously, she was General Counsel at Alphabet's Sidewalk Labs where she led all legal and compliance teams and strategies, including the development of Alphabet's Responsible Data Use principles a
AppLovin Corporation (NASDAQ:APP), a leading marketing software company, today announced the appointment of Instacart Chief Operating Officer Asha Sharma to its Board of Directors, effective August 10. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210816005106/en/Asha Sharma (Photo: Business Wire) "Asha has built an incredible career revolutionizing mobile platforms, and we are thrilled to welcome her to our Board of Directors," said Adam Foroughi, co-founder and CEO of AppLovin. "At AppLovin, we are laser-focused on supporting the next generation of innovative developers, and Asha's proven track record for creating beloved prod
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The Benchmark Company initiated coverage of AppLovin with a rating of Buy and set a new price target of $375.00
Piper Sandler initiated coverage of AppLovin with a rating of Overweight and set a new price target of $400.00
Daiwa Securities upgraded AppLovin from Neutral to Outperform and set a new price target of $280.00 from $80.00 previously
Wells Fargo initiated coverage of AppLovin with a rating of Overweight and set a new price target of $200.00
Loop Capital initiated coverage of AppLovin with a rating of Buy and set a new price target of $181.00
Goldman downgraded AppLovin from Buy to Neutral and set a new price target of $150.00 from $103.00 previously
UBS upgraded AppLovin from Neutral to Buy and set a new price target of $145.00 from $100.00 previously
Jefferies resumed coverage of AppLovin with a rating of Buy and set a new price target of $93.00 from $70.00 previously
Daiwa Securities initiated coverage of AppLovin with a rating of Neutral and set a new price target of $80.00
HSBC Securities initiated coverage of AppLovin with a rating of Buy and set a new price target of $53.20
AppLovin Corporation, (NASDAQ:APP) ("AppLovin" or the "Company") the leading marketing platform, today announced it will report financial results for the fourth quarter and fiscal year 2024 on Wednesday, February 12, 2025 after the U.S. stock market closes. An accompanying webinar will take place at 2:00 PM PT / 5:00 PM ET on February 12, 2025 during which management will discuss quarterly results, as well as provide commentary on business performance. The webinar will be hosted by Adam Foroughi, Co-founder and Chief Executive Officer, and Matthew Stumpf, Chief Financial Officer. The webinar may be accessed on the Company's website at: https://investors.applovin.com or via webinar regis
Joint Venture Partner Committed Annual Profit of RMB20 Million and 50% Annual Growth SHANGHAI, Dec. 16, 2024 /PRNewswire/ -- The9 Limited (NASDAQ:NCTY) ("The9"), an established Internet company, today announced that its wholly-owned subsidiary Shanghai The9 Information Technology Co., Ltd. signed a Joint Venture agreement (hereinafter referred to as the "Agreement") with Shenzhen JiTuo Interactive Technology Co., Ltd. (hereinafter referred to as "JiTuo"), an AI algorithms mobile advertising company in China. JiTuo is a game development partner with AppLovin Corporation (NASDAQ:APP) in China. It is also an agency partner for Apple Search Ads in China. The9 will hold a 51% stake and JiTuo wil
AppLovin Corporation (NASDAQ:APP) (the "Company") announced today the pricing of its public offering of $3.55 billion aggregate principal amount of senior notes consisting of $1,000 million aggregate principal amount of 5.125% Senior Notes due 2029 (the "2029 Notes"), $1,000 million aggregate principal amount of 5.375% Senior Notes due 2031 (the "2031 Notes"), $1,000 million aggregate principal amount of 5.500% Senior Notes due 2034 (the "2034 Notes") and $550 million aggregate principal amount of 5.950% Senior Notes due 2054 (the "2054 Notes" and, collectively with the 2029 Notes, the 2031 Notes and the 2034 Notes, the "Notes"). The offering is being made by means of an underwritten public
AppLovin Corporation (NASDAQ:APP) (the "Company") announced today that it commenced an offering (the "Offering") of its senior notes (the "Notes"), subject to market and other conditions. Actual terms of the senior notes, including maturity, interest rate and principal amount, will depend on market conditions at the time of pricing. The Offering will be made by means of an underwritten public offering pursuant to an effective registration statement filed with the Securities and Exchange Commission (the "SEC"). The Company intends to use the net proceeds of the offering of the Notes to repay in full its senior secured term loan facility due 2028 and its senior secured term loan facility due
AppLovin Corporation (NASDAQ:APP) ("AppLovin" or the "Company"), the leading marketing platform, today announced that Adam Foroughi, Co-Founder and Chief Executive Officer and Matthew Stumpf, Chief Financial Officer, will participate in a fireside chat at the Nasdaq 51st Investor Conference held in association with Morgan Stanley on Wednesday, December 11, 2024. The 30-minute session is scheduled for 12:30 a.m. PT / 8:30 a.m. GMT at The May Fair Hotel in London, United Kingdom. A replay of the webcast will be available here approximately 24 hours after the fireside chat ends. The webcast will also be saved to the Events & Presentations section of the Company's Investor Relations website f
NEW YORK, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Nasdaq (NASDAQ:NDAQ) today announced that AppLovin Corporation (NASDAQ:APP), will become a component of the Nasdaq-100 Index® (NASDAQ:NDX) and the Nasdaq-100 Equal Weighted™ Index (NASDAQ:NDXE) prior to market open on Monday, November 18, 2024. AppLovin Corporation will replace Dollar Tree, Inc. (NASDAQ:DLTR) in the Nasdaq-100 Index® and the Nasdaq-100 Equal Weighted™ Index. Dollar Tree, Inc. will also be removed from the Nasdaq-100 Ex-Tech Sector™ Index (NASDAQ:NDXX), the Nasdaq-100 ESG™ Index (NASDAQ:NDXESG), the Nasdaq-100 Sustainable ESG Select™ Index (NASDAQ:NDXSES) , the Nasdaq-100 ex Top 30™ Index (NASDAQ:NDX), and the Nasdaq-100 ex T
AppLovin Corporation (NASDAQ:APP) ("AppLovin"), a leading marketing platform, today announced financial results for the third quarter ended September 30, 2024 and posted a letter to its shareholders on its Investor Relations website located at https://investors.applovin.com. Webcast and Conference Calls AppLovin will host a webinar today at 2:00 PM PT / 5:00 PM ET, during which management will discuss the Company's third quarter 2024 results and provide commentary on the business' performance. A question-and-answer session will follow the prepared remarks. The webinar may be accessed on the Company's investor relations website or via webinar registration. A replay of the webinar will als
AppLovin Corporation (NASDAQ:APP) ("AppLovin" or the "Company"), the leading marketing platform, today announced it will report financial results for the third quarter on Wednesday, November 6, 2024 after the U.S. stock market closes. An accompanying webinar will take place at 2:00 PM PT / 5:00 PM ET on November 6, 2024 during which management will discuss quarterly results, as well as provide commentary on business performance. The webinar will be hosted by Adam Foroughi, Co-founder and Chief Executive Officer, and Matthew Stumpf, Chief Financial Officer. The webinar may be accessed on the Company's website at: https://investors.applovin.com or via webinar registration. A replay of the w
AppLovin's Consumer Mobile Trends 2024 report details the essentials of marketing channel diversification; provides the framework for starting and scaling in-app advertising AppLovin (NASDAQ:APP), a leading marketing platform, today released Consumer Mobile Trends 2024, a new report explaining how consumer mobile apps and direct-to-consumer (DTC) brands can leverage mobile in-app advertising to deliver new growth and expand the reach and impact of their campaigns. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240925309117/en/Consumer Mobile Trends 2024 (Image source: AppLovin) The report suggests that customers acquired through
TrueLink's strong deep linking technology directs users to designated in-app content from any platform or environment Today, leading measurement and analytics company Adjust unveiled TrueLink, a solution for mobile app marketers to create branded and personalized linking experiences that promote in-app engagement across multiple platforms and environments, including social media, messenger, SMS and the web. With TrueLink, marketers can streamline the user journey and make navigation to specific in-app locations effortless – driving higher conversion rates, boosting engagement, and ultimately increasing ROI at a time when privacy restrictions have complicated (re)engagement strategies. This
Joint Venture Partner Committed Annual Profit of RMB20 Million and 50% Annual Growth SHANGHAI, Dec. 16, 2024 /PRNewswire/ -- The9 Limited (NASDAQ:NCTY) ("The9"), an established Internet company, today announced that its wholly-owned subsidiary Shanghai The9 Information Technology Co., Ltd. signed a Joint Venture agreement (hereinafter referred to as the "Agreement") with Shenzhen JiTuo Interactive Technology Co., Ltd. (hereinafter referred to as "JiTuo"), an AI algorithms mobile advertising company in China. JiTuo is a game development partner with AppLovin Corporation (NASDAQ:APP) in China. It is also an agency partner for Apple Search Ads in China. The9 will hold a 51% stake and JiTuo wil
AppLovin Corporation (NASDAQ:APP), a leading marketing platform, today announced it has completed the acquisition of Wurl, a world leader in powering streaming TV, for approximately $430 million in cash and stock. The acquisition extends AppLovin's software platform capabilities into the Connected TV (CTV) market. "We are excited to complete the acquisition of Wurl and provide advertisers with a seamless way to enter the rapidly growing CTV market," said Adam Foroughi, CEO and co-founder of AppLovin. "This partnership will allow us to scale our technology beyond mobile with the goal of bringing performance marketing to the CTV market and becoming the world's largest advertising ecosystem i
AppLovin Corporation (NASDAQ:APP), a leading marketing platform, today announced it has reached a definitive agreement to acquire Wurl, a high-growth software platform in the Connected TV (CTV) market. The transaction is valued at approximately $430 million and is subject to customary closing conditions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220228005934/en/ The acquisition will extend AppLovin's software platform capabilities into the large and growing CTV market. In 2021, eMarketer projected that U.S. advertisers spent $14.4 billion on CTV, an increase of 60% compared to 2020, with ad spending projected to surpass $30
AppLovin Corporation, (NASDAQ:APP) ("AppLovin" or the "Company") a leading marketing software platform, today announced it will report financial results for the fourth quarter and fiscal year 2021 on Wednesday, February 16, 2022 after the U.S. stock market closes. An accompanying webcast and conference call will take place at 2:00 PM PT / 5:00 PM ET on February 16, 2022 during which management will discuss fourth quarter and fiscal year 2021 results and provide commentary on business performance. The webcast and conference call will be hosted by Adam Foroughi, Co-founder and Chief Executive Officer, and Herald Chen, President and Chief Financial Officer. The live audio webcast may be acce
Unified AppLovin MAX and MoPub platform creates one of the most powerful and efficient monetization solutions available on the market $15 billion of annualized advertiser spend expected on AppLovin platform by 2023 AppLovin Corporation (NASDAQ:APP), a leading marketing software company, today announced it has completed the acquisition of Twitter, Inc.'s (NYSE:TWTR) MoPub business for $1.05 billion in cash. Combined with MoPub's core features, MAX further accelerates growth and improves efficiencies for app publishers while providing advertisers with expanded reach and market-efficient pricing. The unified platform is expected to process more than $15 billion of annualized advertiser s
AppLovin Corporation, (NASDAQ:APP) ("AppLovin" or the "Company") a leading marketing software platform, today announced it will report financial results for the third quarter on Wednesday, November 10, 2021 after the U.S. stock market closes. An accompanying webcast and conference call will take place at 2:00 PM PT / 5:00 PM ET on November 10, 2021 during which management will discuss third quarter results and provide commentary on business performance. The webcast and conference call will be hosted by Adam Foroughi, Co-founder and Chief Executive Officer, and Herald Chen, President and Chief Financial Officer. The live audio webcast may be accessed on the Company's website at: https://in
AppLovin Corporation, (NASDAQ:APP) ("AppLovin" or the "Company") a leading marketing software platform, today announced it will report financial results for the second quarter on Wednesday, August 11, 2021 after the U.S. stock market closes. An accompanying webcast and conference call will take place at 2:00 PM PT / 5:00 PM ET on August 11, 2021 during which management will discuss second quarter results and provide commentary on business performance. The webcast and conference call will be hosted by Adam Foroughi, Co-founder and Chief Executive Officer, and Herald Chen, President and Chief Financial Officer. The live audio webcast may be accessed on the Company's website at: https://inve