AppLovin Corp (NAS:APP)
$ 78.6 1.4 (1.81%) Market Cap: 25.86 Bil Enterprise Value: 28.95 Bil PE Ratio: 46.79 PB Ratio: 34.01 GF Score: 48/100

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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