ApplovinAPP
About: AppLovin is a vertically integrated advertising technology company that acts as a demand-side platform for advertisers, a supply-side platform for publishers, and an exchange facilitating transactions between the two. About 80% of AppLovin's revenue comes from the DSP, AppDiscovery, while the remainder comes from the SSP, Max, and gaming studios, which develop mobile games. AppLovin announced in February 2025 its plans to divest from the lower-margin gaming studios to focus exclusively on the ad tech platform. AppLovin's primary tool for future growth is Axon 2, which is an ad optimizer operating within the DSP that allows advertisers to place ads according to specified return thresholds.
Employees: 1,563
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
48% more call options, than puts
Call options by funds: $4.99B | Put options by funds: $3.37B
26% more first-time investments, than exits
New positions opened: 190 | Existing positions closed: 151
13% more repeat investments, than reductions
Existing positions increased: 400 | Existing positions reduced: 355
2% more funds holding
Funds holding: 971 [Q4 2024] → 988 (+17) [Q1 2025]
1.5% less ownership
Funds ownership: 68.19% [Q4 2024] → 66.68% (-1.5%) [Q1 2025]
18% less capital invested
Capital invested by funds: $66.1B [Q4 2024] → $54B (-$12.1B) [Q1 2025]
32% less funds holding in top 10
Funds holding in top 10: 65 [Q4 2024] → 44 (-21) [Q1 2025]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Morgan Stanley Matthew Cost | 26%upside $460 | Overweight Maintained | 9 Jun 2025 |
JP Morgan Cory Carpenter | 10%upside $400 | Neutral Maintained | 3 Jun 2025 |
Goldman Sachs Eric Sheridan | 19%upside $435 | Neutral Maintained | 9 May 2025 |
UBS John Hodulik | 30%upside $475 | Buy Maintained | 8 May 2025 |
Piper Sandler James Callahan | 25%upside $455 | Overweight Maintained | 8 May 2025 |
Financial journalist opinion
Based on 54 articles about APP published over the past 30 days









