$APP reported last night, and it's one of the most profitable businesses I've ever looked at. 📈 Revenue: $2.2bn, up 55% 📈 Profit: $1.4bn, up 72% For every $1 that came in, it kept 66 cents as profit. It also spent $1.4bn buying back its own shares, and the board just approved $3.2bn more. Fewer shares means each remaining share owns a bigger slice of the business. It expects up to $2.4bn in revenue next quarter. Fast growth is impressive. Fast growth that pays for itself is rare. I own $APP. My own view, not advice. Capital at risk. #AppLovin #Earnings #AdTech #Investing
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1 Comments
Karel @kshana · 10h
Great analysis
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