Roanoke Cap

[Roanoke Cap @roanokecap]

$APP The cloudx narrative might be the stupidest one of all. The only thing that matters now is data moat which is something neither cloudx nor any upstart competitor can ever hope to replicate. Of course the moat is intact and is in fact strenghtening by the day.

[Hardik Shah @AIStockSavvy]

📊 𝐈𝐍𝐕𝐄𝐒𝐓𝐎𝐑 𝐍𝐎𝐓𝐄: Oppenheimer Says $APP AppLovin’s Structural Moat Remains Intact

👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

➤ Oppenheimer believes AppLovin’s 𝐀𝐩𝐩𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫𝐲, 𝐑𝐎𝐀𝐒, and 𝐌𝐀𝐗 moat remains strong.

➤ CloudX CEO says platform is not designed to replace 𝐌𝐀𝐗 or 𝐆𝐨𝐨𝐠𝐥𝐞 𝐀𝐝𝐌𝐨𝐛.

➤ CloudX offers publishers and advertisers greater 𝐜𝐨𝐧𝐭𝐫𝐨𝐥 and alternative supply paths.

➤ Adoption is being aided by lower 𝐒𝐃𝐊 friction and publisher dissatisfaction.

➤ Meta and 𝐋𝐢𝐟𝐭𝐨𝐟𝐟 cited as key demand partners supporting CloudX growth.

➤ Studio-level fragmentation within major publishers may drive 𝐂𝐥𝐨𝐮𝐝𝐗 adoption.

➤ Oppenheimer will monitor partnerships, SDK growth, and potential 𝐀𝐩𝐩𝐋𝐨𝐯𝐢𝐧 responses.

💬 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭:

“We recently met with CloudX founder and CEO Jim Payne. In our meeting, management indicated that CloudX is not built to replace existing SSP/mediation incumbents (AppLovin's MAX and Google AdMob). Rather, it provides new options for publishers and advertisers who want more control and new supply paths,” Oppenheimer said.

“We believe APP's structural moat around AppDiscovery/ROAS/MAX remains intact. That said, CloudX is benefiting from lower SDK friction (agentic coding tools), publisher dissatisfaction (with MAX and AdMob), and demand alternatives (Meta and Liftoff as anchor demand partners).”

“Going forward, we will closely monitor more partnership announcements between CloudX and major game publishers, changes in CloudX's SDK installed base, and any defensive moves by APP, including mediation fee changes, publisher rebates, or exclusivity agreements.”

[Hardik Shah @AIStockSavvy]

$APP | Edgewater Research 𝐮𝐩𝐠𝐫𝐚𝐝𝐞𝐬 𝐀𝐩𝐩𝐋𝐨𝐯𝐢𝐧 𝐂𝐨𝐫𝐩 to 𝐎𝐮𝐭𝐩𝐞𝐫𝐟𝐨𝐫𝐦

[Rafael Vivas @rfvivas]

My favorite part of this job isn't helping the biggest brands. It's helping founders like Lorenzo.

Self-funded. Zero employees. An Italian founder with nothing but grit and conviction.

He started on @AxonAdsManager 5 weeks ago.

Stories like this remind me why I do what I do.

[Desi @desi_2802]

Cada vez Rafael Jodar me surpreende mais. Tadinha da menininha 🥹

[Roanoke Cap @roanokecap]

@tbpn @altcap Bro efffffff these grifters trying to force AI down everyone’s throat so they can accumulate a couple more billion

[Roanoke Cap @roanokecap]

@zazaxbt_ please dont listen to folks that have never accomplished anything

[Roanoke Cap @roanokecap]

@paydayfantasy im trying to understand why the spurs hate holmgren/the thunder so much. i mean unless im missing something they dont seem to trash talk much more than usual?

[Roanoke Cap @roanokecap]

@davey_juice Knows ball

[Roanoke Cap @roanokecap]

Being good means being right just once for all the marbles.

[Roanoke Cap @roanokecap]

@GabeTheSpaniard thank you for your service!

[Roanoke Cap @roanokecap]

$APP And so it was

[Roanoke Cap @roanokecap]

$APP feels like tomorrows the day

[Roanoke Cap @roanokecap]

@thomasthedeal yes

[Roanoke Cap @roanokecap]

$APP feels like tomorrows the day

[Roanoke Cap @roanokecap]

@StockSavvyShay who needs this lol

[Kaushik @WisemanCap]

$APP '$1,100 bull case in play' - Morgan Stanley

APP can sustain above-market growth by continuing to expand its conversion rate, as ~99% of its ads still do not generate a conversion There is a 10x conversion rate gap between APP and market leaders, which implies significant headroom to expand Improvements would stem from APP’s scale/data advantages, continued mix shift into non-endemic ads, and lower repeat rates APP’s conversion rate has expanded 30bp over the last 18 months and we estimate that each additional 10bps would drive 17 points of net revenue growth If APP maintains 20bp of annual conversion rate expansion it could see revenue/ EBITDA ~50% above consensus by ’30 and put our $1,100 bull case valuation in play.

[Roanoke Cap @roanokecap]

@AddictTequila https://t.co/Ma6Pz6YthQ

[Scrooge McDuck @ScroogeCap]

$MS has a bullish piece out on $APP

Name that has potential to get some legs.

[Rafael Vivas @rfvivas]

BREAKING NEWS: Mobile gaming traffic is incremental.

[Roanoke Cap @roanokecap]

@pje37sESFVOGYuF @lytosvodka @BoozebagFitness this is such an awful look LMAO.

[Roanoke Cap @roanokecap]

@eric_seufert For sure, I just think investors not familiar with the space see "META is a threat" and act accordingly.

[Roanoke Cap @roanokecap]

@PabloDBCapital The magic number