COINOTAG recommends • Exchange signup |
💹 Trade with pro tools |
Fast execution, robust charts, clean risk controls. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🚀 Smooth orders, clear control |
Advanced order types and market depth in one view. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📈 Clarity in volatile markets |
Plan entries & exits, manage positions with discipline. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
⚡ Speed, depth, reliability |
Execute confidently when timing matters. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 A focused workflow for traders |
Alerts, watchlists, and a repeatable process. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
✅ Data‑driven decisions |
Focus on process—not noise. |
👉 Sign up → |
- AppLovin Corporation (APP) is set to report its first-quarter 2024 results on May 8, with an impressive earnings surprise history.
- The stock has seen a significant increase of 82% year to date, outperforming its industry’s 8% rally.
- In 2023, APP’s total revenues surged 17% year over year, primarily driven by a 76% increase in revenue in the Software Platform business.
AppLovin Corporation is set to report its Q1 2024 results, with a history of surpassing earnings estimates. The stock has seen a significant increase this year, outperforming its industry.
Impressive Stock Performance & Valuation
APP has seen a massive 82% gain year to date, significantly outperforming the 8% rally of the industry it belongs to. It is currently trading at a forward sales multiple of 16.93X, above its median of 14.38X over the last five years and the industry’s 6.91X. On the basis of EV-to-EBITDA, APP is currently trading at 23.95X compared with the industry’s 59.74X. In terms of the Price/Earnings ratio, APP shares are trading at 27.08X forward earnings, well below the industry’s 42.88X.
Notable Sales and Margin Performance
In 2023, APP experienced significant success, with total revenues surging 17% year over year. This growth was primarily propelled by the company’s commitment to execution and innovation, resulting in a remarkable 76% increase in revenue in the Software Platform business. APP introduced its advanced AXON 2.0 technology, enhanced gaming studios and ventured into new initiatives aimed at fueling market expansion and long-term growth. The company achieved a 41% year-over-year increase in adjusted EBITDA with adjusted EBITDA margin expanding 800 basis points year over year in 2023.
Healthy Liquidity
APP’s current ratio (a measure of liquidity) was at 1.71 at the end of the fourth quarter of 2023, higher than the prior quarter’s 1.62. A current ratio of more than 1 often indicates that the company will be easily paying off its short-term obligations.
COINOTAG recommends • Professional traders group |
💎 Join a professional trading community |
Work with senior traders, research‑backed setups, and risk‑first frameworks. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
📊 Transparent performance, real process |
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
👉 Get access → |
COINOTAG recommends • Professional traders group |
🧭 Research → Plan → Execute |
Daily levels, watchlists, and post‑trade reviews to build consistency. |
👉 Join now → |
COINOTAG recommends • Professional traders group |
🛡️ Risk comes first |
Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
👉 Start today → |
COINOTAG recommends • Professional traders group |
🧠 Learn the “why” behind each trade |
Live breakdowns, playbooks, and framework‑first education. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
🚀 Insider • APEX • INNER CIRCLE |
Choose the depth you need—tools, coaching, and member rooms. |
👉 Explore tiers → |
Promising Sales and EPS Growth Prospects
The Zacks Consensus Estimate for APP’s 2024 sales and EPS implies year-over-year growth of 24% and 157%, respectively. The estimate for EPS has moved north by 1.6% over the past 30 days.
Conclusion
APP trades at a discount relative to its industry based on EV-to-EBITDA and P/E. The company’s liquidity position based on the current ratio remains healthy. APP is expected to continue its top and bottom-line growth momentum thanks to its commitment to execution, and innovation and initiatives to fuel market expansion and long-term growth. However, since the stock has risen a whopping 82% year to date, it may undergo a correction soon. Hence, it may not be a bad idea to wait for this fundamentally strong stock to undergo some correction and offer a better entry point rather than rushing to purchase the stock before earnings.
COINOTAG recommends • Exchange signup |
📈 Clear interface, precise orders |
Sharp entries & exits with actionable alerts. |
👉 Create free account → |
COINOTAG recommends • Exchange signup |
🧠 Smarter tools. Better decisions. |
Depth analytics and risk features in one view. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🎯 Take control of entries & exits |
Set alerts, define stops, execute consistently. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🛠️ From idea to execution |
Turn setups into plans with practical order types. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
📋 Trade your plan |
Watchlists and routing that support focus. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
📊 Precision without the noise |
Data‑first workflows for active traders. |
👉 Sign up → |
COINOTAG recommends • Members‑only research |
📌 Curated setups, clearly explained |
Entry, invalidation, targets, and R:R defined before execution. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧠 Data‑led decision making |
Technical + flow + context synthesized into actionable plans. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
🧱 Consistency over hype |
Repeatable rules, realistic expectations, and a calmer mindset. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🕒 Patience is an edge |
Wait for confirmation and manage risk with checklists. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
💼 Professional mentorship |
Guidance from seasoned traders and structured feedback loops. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧮 Track • Review • Improve |
Documented PnL tracking and post‑mortems to accelerate learning. |
👉 Join now → |