AppLovin Corporation (NASDAQ:APP) Nasdaq London Investor Conference December 11, 2024 3:30 AM ET
Company Participants
Adam Foroughi – CEO
Matt Stumpf – CFO
Conference Call Participants
Matthew Cost – Morgan Stanley
Matthew Cost
Yes. Thank you so much. Thank you, everyone, for being here. My name is Matt Cost, the Morgan Stanley U.S. Internet team, thrilled this morning to be joined by Adam Foroughi, the CEO of AppLovin; and Matt Stumpf, the CFO. Guys, thanks so much for being here.
Adam Foroughi
Yes. Good morning.
Matt Stumpf
Thanks for having us.
Question-and-Answer Session
Q – Matthew Cost
Awesome. So I’m going to let you guys carve up the answers to the questions as you see fit, so don’t feel like excluded, either one of you, as I go through them.
So let’s start high level here. So we’ve seen an extraordinary inflection in the growth of your business over the past two years. And I want to pose a question that I hear from investors quite often as they’re ramping on your company. What have you built in AppLovin that’s driven this outperformance? And what differentiates it from your competitors?
Adam Foroughi
So I talk a lot about culture, and I think this is one of the main differentiators. And our culture seems to me to be different from a lot of other technology companies that have scaled. And it’s predicated on a concept that I’ve built multiple companies, and I want to work with builders. And people who build companies tend to want to work at small early-stage businesses. And I never understood why these same people who have exceptional ability end up churning out of companies when those companies scale. Why does companies become less efficient when they scale? Why is there more process when companies scale?
So
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