TIP843: AppLovin (APP): The 30-Bagger Down More Than Half w/ Kyle Grieve & Shawn O'Malley
Listen to the original audio · Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio
You're listening to TIP. Welcome to the Investors Podcast, today on episode 843. So on our last episode, we got to dissect a 5x that we actually ended up passing on. And I had a really, really good time digging into your investing thesis together and just kind of helping us both improve our own investing process. It was really self-reflective and it was a lot of fun. I think it was a great exercise, but today we're going back to analyzing a brand new business we haven't looked at before, and this one is interesting because
It is very much growing like an early stage startup. is immensely profitable. Yet it is one of the biggest losers year to date in the market, with its sharing over 50% in 2026. So app loving. is the name of the business that we're gonna be looking at.
And I think it's one of those classic businesses that the market definitely loved in the past, and it's easy to see why. You had lots of growth, you had high and growing margins, and then you had minimal capital requirements to boot. So my honest starting point when I was going through this business's filings was are we wrong in not owing this business at its current price? Because a business with the numbers that AppLin is putting out, I just would never think that this would be the type of business that would be lumped as a value play. But the numbers that the market is offering for this business is definitely in value territory now with a mid-teens multiple. It was definitely a quality growth story for a long time. And so now that there's a value angle, you definitely have sparked my interest. So let's get into it.
We already have this episode, so unlocking it is cheap and permanent: the full transcript (94 minutes, 19,152 words), segment and word-level timestamps, and .txt, .srt, .vtt and word-level JSON downloads, as many times as you like, forever.
10 free credits is 10 episodes like this one a month. Episodes nobody has transcribed yet cost their length in hours, because we have to actually transcribe them.