Reported 23 days ago
Jericho Capital Asset Management, founded by Josh Resnick, highlights AppLovin Corporation (NASDAQ:APP) as a top investment. The mobile technology company has shown remarkable growth, with Q4 2024 revenue up 44% and advertising revenue surging 73%. Despite slight declines in app revenue, robust advertising performance and strategic initiatives position AppLovin for continued growth. Resnick's investment firm, managing about $7 billion, focuses on capitalizing on market inefficiencies, aligning with the promising outlook for mobile app advertising as mobile gaming ad spend recovers.
Source: YAHOO