AppLovin Corp
(NAS:APP)
$
283.96
-5.07 (-1.75%)
Market Cap: 95.29 Bil
Enterprise Value: 99.94 Bil
PE Ratio: 86.05
PB Ratio: 101.41
GF Score: 52/100 Applovin Corp at JPMorgan Global Technology, Media & Communications Conference Transcript
May 24, 2022 / 08:10PM GMT
Release Date Price:
$33.12
(-12.80%)
David Karnovsky
JPMorgan Chase & Co, Research Division - Analyst
Okay. All right. We're going to get started. Very happy to have back at the conference, first time in person, Adam Foroughi, Chairperson, CEO and Co-Founder of AppLovin. Adam, thanks for being here.
Adam Arash Foroughi
AppLovin Corporation - Co-Founder, CEO & Chairperson
Thanks for having me.
Questions & Answers
David Karnovsky;Adam Arash Foroughi
JPMorgan Chase & Co, Research Division - Analyst;AppLovin Corporation - Co-Founder, CEO
Cool. I want to start on the app side of your business. Q1 earnings, you announced a strategic change in that AppLovin will run its content studios as a stand-alone business rather than as an integrated asset with software and that the portfolio would undergo strategic review. You had messaged this for a couple of orders, but it is a notable shift when we think about your business going back a year ago. So can you discuss a little bit the backdrop to the decision?
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