Applovin Corp at Morgan Stanley Technology, Media & Telecom Conference Transcript

Mar 04, 2026 / 04:30PM GMT
Release Date Price: MXN8317 (+7.32%)
Matthew Cost
Morgan Stanley - Analyst

All right. Good morning, everyone. Thank you for being here. My name is Matt Cost, Morgan Stanley US Internet team. Very happy this morning to be joined by Adam Foroughi and Matt Stumpf, the CEO and CFO of AppLovin. Thank you for being here, guys.

On the Morgan Stanley disclosure side, please note that all important disclosures, including personal holdings disclosures and MS disclosures appear on the MS public website at morganstanley.com/researchdisclosures or at the registration desk.

Questions & Answers

Matthew Cost
Morgan Stanley - Analyst

All right. And with that out of the way, Matt, maybe let's start with you. I want to revisit the 20% to 30% growth target that you've talked a lot about over the past couple of years for gaming ads. You reiterated again at the fourth quarter. And obviously, you've exceeded it quite a bit over that whole time period. Has your thinking on that benchmark changed at all in terms of the baseline level of growth of the gaming ads business? And is there a potential

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