Applovin MAX

Applovin Corp: A cash-poor company with a distressed balance sheet and questionable asset quality, not paying income taxes. The financials of its overseas subsidiaries are suspect, exhibiting signs of revenue round-tripping and fictitious revenues. Insignificant AI R&D spend and a shallow AI team. (NASDAQ:APP)

Feb 25, 2025

SR_opinions

Applovin, Applovin MAX

Sakura Research thinks that Applovin is a company with a large number of red flags. This opinion piece is for informational and educational purposes only. Sakura Research does not have any trading position on APP. Applovin Corp (a NASDAQ 100 company)NASDAQ: APPDiluted market cap: ~US$140B Applovin was a top performing stock on Nasdaq in 2024…