Ignore AppLovin Stock's Profit-Driven Intangible Value At Your Own Peril

AppLovin Corporation (NASDAQ: APP ) has had a remarkably strong FY24, with total revenues up 43% and a significant surge in net income of 343% year-over-year. Yet, at a price-to-book ratio of 160, AppLovin stock is priced as a luxury good—anOliver Rodzianko is an investment analyst specializing in the technology sector, grounded in timeless value principles. His expertise spans AI, semiconductors, software, and renewable energy, with a focus on companies that demonstrate resilient management and lasting com ...