AppLovin at $250B: What Operators Know That Investors Don't | Pixels & Profits
发布时间 2025-12-30 01:02:34 来源
摘要
AppLovin just crossed $250 billion in market cap. The stock is up 127% YTD. EBITDA margins hit 82%. And yet every investor asks the same question: is this the beginning or the end?
We assembled the most qualified panel possible to answer that question: Josh Chandley (CEO, WildCard Games) with hands-on operational data from running UA on AppLovin's platform, Matthew Kanterman (Director of Research, Blue River Financial Group) bringing the financial analyst lens, and Brian Peganoff adding institutional investor perspective.
What emerged wasn't a typical bull-bear debate—it's a blueprint for understanding how dominance actually works in ad tech.
📊 TIMESTAMPS
0:00 - Introduction & Panel Overview
1:22 - AppLovin Financial Recap: 127% YTD, 82% EBITDA Margins
4:52 - Valuation Analysis: Is the Growth Priced In?
7:15 - The Bull Case: Infrastructure Lock-In Explained
10:30 - How MAX & Axon Create Publisher Dependency
15:45 - E-Commerce Expansion: AppLovin Beating Google on Android
22:10 - Why Meta & Google Can't Compete on iOS
28:40 - The Bear Case: Five Risks to Consider
35:20 - SEC Investigation & Deplatforming Risk
42:15 - The Infrastructure Risk Nobody's Discussing
48:30 - Competitive Landscape: Unity, Moloco, Google, Meta
58:20 - Connected TV: Wild Card or Dead End?
1:05:40 - Panel Predictions: AppLovin in 2026
1:15:30 - Key Takeaways for Operators & Investors
🎙️ SPEAKERS
- Josh Chandley - President & CEO, WildCard Games
- Matthew Kanterman, CFA - Director of Research, Blue River Financial Group
- Brian Peganoff - Former TMT Investor, Principal Timber Advisors
- Joseph Kim - CEO, Lila Games
📩 SUBSCRIBE to GameMakers for more insights on the business of games:
https://www.gamemakers.com
🎧 LISTEN on your favorite podcast platform:
Spotify: https://open.spotify.com/show/4FdVLkx3msRFsqsEVA1vp0
Apple Podcasts: https://podcasts.apple.com/us/podcast/gamemakers/id1541808441
🔗 CONNECT
Joseph Kim: https://www.linkedin.com/in/jokim/
Josh Chandley: https://www.linkedin.com/in/joshchandley/
Matthew Kanterman: https://www.linkedin.com/in/matthew-kanterman-cfa-b6345133/
Brian Peganoff: https://www.linkedin.com/in/brian-peganoff/
#AppLovin #GamingStocks #AdTech #MobileGaming #StockAnalysis #PixelsAndProfits #GameMakers #Investing #APP
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