15 Best Fast Growth Stocks To Buy Right Now

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3. AppLovin Corporation (NASDAQ:APP)

Number of Hedge Fund Holders: 95    

AppLovin Corporation (NASDAQ:APP) engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States. The company’s net income for the third quarter of 2024 was $1,198,235, showing an increase of $333,979, or 38.6%, compared to $864,256 in the same period of the prior year. Management’s positive outlook on e-commerce and robust ad performance signal potential revenue growth of 27% year-over-year in CY25, with adj. net cash from operating activities of $701 million and $2.1 billion, and Free Cash Flow of $695 million and $2.1 billion for the fourth quarter and full year 2024, respectively. AppLovin announced an agreement to sell its mobile gaming division to an undisclosed buyer for $900 million. The deal includes $400 million in equity and $500 million in cash, subject to adjustments.

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