Applovin Corp Stock Price, News & Analysis

Adjust has appointed Simon (Bobby) Dussart as CEO, succeeding Paul H. Müller, who remains as an advisor. Dussart, a veteran with over 8 years at Adjust, previously served as Chief Customer Officer, contributing to a 30% growth in the customer base last year. His leadership aims to enhance innovative solutions for mobile marketers, particularly targeting growth in China, Southeast Asia, EMEA, and Japan. Adjust was acquired by AppLovin in 2021 and has established itself as a leading platform in mobile marketing analytics.

AppLovin Corporation (NASDAQ: APP) will release its financial results for Q4 and the fiscal year 2021 on February 16, 2022, after U.S. market close. A conference call will follow at 2:00 PM PT / 5:00 PM ET, featuring management commentary on business performance. The event will be accessible via audio webcast on the company’s investor relations website. AppLovin provides marketing software solutions to app developers, facilitating the marketing, monetization, and analysis of apps.

AppLovin has successfully acquired Twitter's MoPub business for $1.05 billion in cash, enhancing its MAX platform, which is projected to handle over $15 billion in annualized advertiser spending by 2023. This integration aims to consolidate features, benefiting app publishers with increased monetization and streamlined workflows. Notable improvements will include advanced reporting and enhanced ad formats. The transition for MoPub customers is underway, with a scheduled sunset date of March 31, 2022 for the MoPub platform.

Belka Games, in collaboration with AppLovin (NASDAQ: APP), has introduced a character creation of Dolly Parton in their mobile game Solitaire Cruise. This partnership aims to enhance player engagement with unique events and tutorials led by Parton. The character will be featured from now until April 2022, adding a new storyline and various interactive elements to the game. Belka Games has been recognized as a top mobile game developer, ranking in the top 20 publishers by revenue in 2021.

AppLovin Corporation (Nasdaq: APP) has announced the pricing of an upsized underwritten offering of 7,500,000 shares of its Class A common stock at $83.00 per share. The shares are being offered by certain stockholders, including KKR Denali Holdings L.P., which has also provided a 30-day option for underwriters to purchase an additional 1,125,000 shares. The offering is set to close on December 7, 2021, pending customary conditions. All proceeds from the sale will go to the selling stockholders, as AppLovin is not selling shares in this offering.

AppLovin Corporation (NASDAQ: APP) announced a secondary offering by certain stockholders, including KKR Denali Holdings L.P., of 6,500,000 shares of its Class A common stock. The underwriters will have a 30-day option to purchase up to an additional 975,000 shares. All proceeds will go to the selling stockholders, as AppLovin is not offering any of its shares. The offering is managed by J.P. Morgan, BofA Securities, Citigroup, and Morgan Stanley, among others. A registration statement has been filed with the SEC but is not yet effective.

AppLovin Corporation (NASDAQ: APP) will have its CEO Adam Foroughi participate in a fireside chat at the Credit Suisse 25th Annual Technology Conference on December 1, 2021, at 10:40 a.m. PT in Scottsdale, Arizona. This event will be livestreamed and a recording will be available on their investor relations website post-event. AppLovin is recognized for its integrated marketing software solutions that help developers grow their businesses.

AppLovin Corporation has appointed Alyssa Harvey Dawson to its Board of Directors. With over 20 years of experience in legal and business roles, she previously served as Chief Legal Officer at Gusto and General Counsel at Alphabet’s Sidewalk Labs. CEO Adam Foroughi highlighted her expertise in corporate governance, compliance, and data privacy as vital for AppLovin's growth. Dawson expressed enthusiasm about joining the board, emphasizing alignment in supporting app developers.

AppLovin Corporation (NASDAQ: APP) has appointed Alyssa Harvey Dawson to its Board of Directors. With over 20 years of experience in legal and business sectors, she previously served as General Counsel at Alphabet's Sidewalk Labs. Dawson's proven expertise in compliance, corporate governance, and risk management is expected to bolster AppLovin's strategic direction. CEO Adam Foroughi highlighted her valuable experience in aiding company growth and advising on complex transactions. Dawson's appointment aims to enhance AppLovin's capabilities in navigating the evolving mobile app ecosystem.