AppLovin Corp.


February 9, 2023

It was actually better than it looked

By Vasily Karasyov

Going into Q4 earnings we argued that If the report confirms that the management’s comments on Q3 were correct and there is no further deterioration in Software Platform top line trends, a new bull case,…

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February 8, 2023

FIRST LOOK

By Vasily Karasyov

We see the results, guidance for Q1 and the commentary (no further deterioration in the mobile app market) in the letter to shareholders as positive for the stock. We believe that for a new bull…

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January 30, 2023

Flat will need to be the new up for a bull case to take hold

By Vasily Karasyov

We continue to believe that the complexity of the business model is a hurdle the APP story needs to clear for the stock to work in the long run. That said, the Street was willing…

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November 13, 2022

Are estimates finally low enough?

By Vasily Karasyov

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September 10, 2022

About MAX

By Vasily Karasyov

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May 13, 2022

Less complexity and higher Ebitda

By Vasily Karasyov

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February 22, 2022

Still not 100% understood but on the way there

By Vasily Karasyov

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January 8, 2022

Growth vs. complexity; initiating coverage

By Vasily Karasyov

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