What smart money is saying about AppLovin Corp.

APP · Technology · Software - Application · Market cap $157.69B

8 funds in our archive have pitched AppLovin Corp. — most recently Alger Spectra Fund in March 2026.

Company profile

AppLovin Corporation provides a specialized software platform focused on empowering mobile application developers to enhance the marketing and revenue generation of their products. With operations spanning the United States and international markets, the company assists mobile app developers worldwide. Among its core software offerings is AppDiscovery, a marketing solution that intelligently connects advertiser demand with publisher supply through an auction-based model. Another key product is Adjust, an analytics platform that enables marketers to scale their mobile apps by offering capabilities for performance measurement, campaign optimization, and user data protection. Additionally, MAX is an in-app bidding software engineered to maximize the value derived from an app's advertising inventory by facilitating real-time competitive auctions. Its client base is broad, serving advertisers, publishers, internet platforms, and other stakeholders. Founded in 2011, the enterprise maintains its headquarters in Palo Alto, California.

Fund coverage · 8 theses

Alger Spectra Fund
March 2026
AppLovin is an adtech platform leveraging AI and scale-driven data advantages to improve app marketing outcomes, supporting long-term growth despite short-term controversies and mixed new initiatives.
Read the full thesis
Bristlemoon Capital
March 2026
AppLovin Corporation is a highly profitable mobile ads platform expanding into e-commerce with compelling unit economics and AI-enabled advantages, offering attractive upside from growth and a mispriced multiple.
Read the full thesis
Sands Capital Global Growth
December 2025
AppLovin is a leading mobile ad tech platform leveraging AI to extend beyond gaming into ecommerce, with significant potential for sustained growth.
Read the full thesis
Clearbridge All Cap Growth Strategy
March 2025
AppLovin is the leading mobile game and app advertising platform with strong growth potential in both mobile marketing and e-commerce advertising, poised for significant free cash flow growth as the market recovers.
Read the full thesis
Alger Focus Equity Fund
March 2025
AppLovin is an advertising technology company leveraging AI to enhance app marketing and monetization, expanding from mobile gaming into new segments while gaining a competitive advantage through data-driven solutions.
Read the full thesis
Alger Mid Cap Growth Fund
December 2024
AppLovin is an advertising technology company leveraging AI to enhance app marketing and monetization, expanding beyond mobile gaming while gaining a competitive edge through its data-driven platform.
Read the full thesis
Clearbridge Growth Strategy
December 2024
AppLovin is the leading mobile game and app advertising platform with strong growth potential in mobile app marketing and e-commerce, driven by its AI technology and controlled expenses.
Read the full thesis
Munro Global Growth Small and Mid Cap Fund
December 2024
AppLovin is a founder-led mobile app technology company based in Palo Alto, California, with a vast user base and a new advertising model that shows promising potential in the e-commerce sector, likely enhancing its revenue growth and margins.
Read the full thesis

Read every full thesis on AppLovin Corp.

Unlock all 8 theses — the full reasoning behind what funds are buying, plus unlimited access to the entire archive.

View plans→