$APP

Not sure if anyone listened to the $APP presentation from the Jefferies conference yesterday but definitely some interesting nuggets. I was working out this morning when I listened so I want to read through the transcript but sounds like management thinks they can grow revenues at 20-30% CAGR for the next decade. $APP basically got to $8B revenues with just mobile gaming ads and now they’re expanding into consumer/ecommerce with 8,000+ tracking pixels already installed and that’s before they launch “general availability” in the next 4-6 weeks. Also sounds like $APP is planning to expand into more verticals which includes CPL (cost per lead) and CTV (connected television)… both of which increase their TAM quite meaningfully. Still hard to believe you can buy $APP today at 25x NTM EP