Latest news with #TripledotStudios
AU Financial Review
5 days ago
- Business
- AU Financial Review
Melbourne entrepreneur builds $3b gaming empire out of solitaire app
Melbourne entrepreneur Eyal Chameides traces the roots of his mobile gaming empire back to a simple theory: if he could build a game of solitaire that outshone the thousands of versions that already existed, then he could find enough users to attract a rush of advertising dollars. Chameides and his two co-founders not only proved the theory, they smashed it out of the park. Their business, Tripledot Studios, which started up in 2017, is already worth about $US2 billion ($3.1 billion)
Globe and Mail
15-05-2025
- Business
- Globe and Mail
AppLovin Stock Plunges 26% in 3 Months: Is it a Smart Investment Now?
AppLovin Corporation APP has witnessed its stock decline 26% over the past three months, worse than the industry 's 15% decline. Notably, competitors in the in-game mobile advertising space have also faced headwinds. Alphabet GOOGL shares have dropped 11%, while Meta Platforms META has seen a 10% decrease during the same period, reflecting broader weakness in the digital ad ecosystem. However, the tide appears to be turning. APP has surged 64% in the past month, signaling a strong rebound. Alphabet has also shown signs of recovery with an 8% gain, while Meta Platforms has rallied 31% during the same timeframe. As major players like Alphabet and Meta Platforms regain momentum, their performance may signal improving market conditions for digital ad companies. This analysis will explore whether APP now presents an attractive opportunity for investors. APP's Strategic Shift Toward a High-Margin Business Model AppLovin is actively transforming into a pure-play advertising platform, sharpening its focus on high-growth, high-margin segments. A major milestone in this transition was the $900 million sale of its gaming unit to Tripledot Studios. This divestiture allows APP to concentrate on its ad technology, a move that aligns with its vision of serving the global digital advertising market, which includes over 10 million businesses. To capitalize on this vast market, the company is investing in automation, developing advanced tools to enhance customer efficiency and maximize ad performance. Strong Financial Performance Underscores Growth Potential AppLovin's latest earnings report reinforces its strong financial health and growth trajectory. The company continues to benefit from its AXON 2.0 technology and strategic expansion within the gaming and in-app advertising sectors. In the first quarter of 2025, revenues surged 40% year over year, reflecting strong market demand. Adjusted EBITDA jumped 83% year over year, showcasing improved operational efficiency. Net income skyrocketed 144% from the prior year, demonstrating APP's ability to translate revenue growth into significant profitability. For the full year 2024, revenues climbed 43% year over year, while adjusted EBITDA surged 81%, underscoring AppLovin's ability to seize market opportunities while maintaining efficiency. Analysts Project APP's Robust Earnings and Revenue Expansion The Zacks Consensus Estimate for second-quarter 2025 earnings is $2.01 per share, indicating an impressive 125.8% increase from the prior-year quarter. Moreover, earnings for the full years 2025 and 2026 are expected to grow by 85.2% and 41.9%, respectively, compared to the previous years. The Zacks Consensus Estimate for second-quarter 2025 revenues is $1.45 billion, representing an impressive 33.9% increase from the prior-year quarter. Moreover, earnings for the full years 2025 and 2026 are expected to grow by 24.3% and 19.7%, respectively, compared to the previous years. APP is a Buy APP presents a compelling investment opportunity due to its impressive financial performance and robust growth prospects. The company's recent results and strategic initiatives underscore its potential for continued success in the gaming and software sectors. AppLovin's strong fundamentals, innovative technology and strategic growth initiatives position it as a leader in its industry. With a solid financial outlook and increasing analyst confidence, we recommend a "Buy" rating for APP stock to capitalize on its promising growth trajectory. APP currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AppLovin Corporation (APP): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report Meta Platforms, Inc. (META): Free Stock Analysis Report
Yahoo
09-05-2025
- Business
- Yahoo
Tripledot CEO Calls Deal to Buy Applovin 'Transformational'
Mobile game developer Tripledot Studios has bought AppLovin's games portfolio for about $800 million. The deal means London-based Tripledot - the company behind popular games including Woodoku and Solitaire - will take control of another 10 studios across key markets in the US and Asia. Co-founder and CEO of Tripledot Studios, Lior Shiff spoke to Bloomberg's Tom Mackenize on "Daybreak Europe." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
09-05-2025
- Business
- Time of India
Game developer Tripledot acquires AppLovin's mobile gaming portfolio for $800 million
STOCKHOLM: London-based mobile game developer Tripledot Studios has agreed to buy marketing platform AppLovin 's mobile games studio portfolio for about $800 million in cash and stock, it said on Thursday. The deal will help Tripledot expand its footprint in markets including the United States and Asia, and add gaming titles such as Cash Tornado , Wordscapes and Wordle to its current portfolio of 25 live games, including Woodoku, Nut Sort and Triple Tile. AppLovin was among the companies submitting a bid for short video app TikTok's assets outside China, ahead of the deadline of April 5 that U.S. President Donald Trump set for a non-Chinese buyer. "Seven years ago, we began acquiring gaming studios to help train our earliest machine learning models," AppLovin CEO Adam Foroughi said in a statement. "However, we have never been a game developer at heart." The deal will add 10 gaming studios to Tripledot's portfolio and increase its presence into 17 more cities across North America, Europe and Asia, the companies said.
Yahoo
08-05-2025
- Business
- Yahoo
Watch These AppLovin Levels as Stock Soars After Strong Earnings, Sale of Mobile Gaming Unit
AppLovin shares surged Thursday after the mobile app marketing provider announced the sale of its mobile game business and quarterly results that topped Wall Street expectations. The stock has recently broken out above a falling wedge pattern and reclaimed the 50-day moving average. Investors should watch crucial overhead areas on AppLovin's chart around $352, $525 and $940, while also monitoring an important support level near $ (APP) shares surged Thursday after the mobile app marketing provider announced the sale of its mobile game business and quarterly results that topped Wall Street expectations. The company, which offers AI-powered software products to assist developers target ads and monetize apps, said late Wednesday it sold its mobile game unit to London-based Tripledot Studios for $400 million and will hold a 20% stake in the private firm following the transaction. In addition to topping analysts' first quarter earnings forecasts, the company issued current quarter advertising revenue guidance above expectations, while also pointing out that it focuses on mid-market web advertisers that have less exposure tariffs. AppLovin shares tumbled as much as 62% between mid-February and early April after short sellers published reports accusing the adtech company of deceptive practices. The stock gained 12% to close Thursday at $339.51, and is up about 70% from last month's low point. Below, we break down the technicals on AppLovin's chart and identify price levels that investors are likely watching. After setting a record high in mid February, AppLovin shares staged a sharp reversal back to the 200-day moving average, where they traded mostly sideways since that time. However, the stock recently broke out above a falling wedge pattern and reclaimed the 50-day moving average in a move that coincided with the relative strength index crossing back above the 50 threshold to signal improving price momentum. Let's take a closer look at three crucial overhead areas on AppLovin's chart worth watching, while also identifying an important support level to monitor during potential pullbacks. The first overhead area to watch sits around $352. The shares could encounter selling pressure at this level near a trendline that connects the March peak and the upper range of a consolidation period that formed on the chart throughout most of December and January. A decisive breakout above this area could see the shares climb to $525. Investors who have averaged in at lower prices may decide to lock in profits in this region near the stock's record high. To project an overhead area to watch if the stock moves into price discovery mode, investors can use the bars pattern tool. When applying this technique to AppLovin's chart, we extract the stock's uptrend from August to December last year that commenced from the 200-day MA and reposition it from last month's touch of the 200-day MA. This analysis projects a potential longer-term bullish move up to around $940 if price action rhymes. During pullbacks in the stock, it's worth keeping track of the $235 level. Retracements to this important technical area would likely attract strong buying interest near last month's initial breakout point from the falling wedge pattern, which also closely aligns with the March trough. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own any of the above securities. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
