Jim Cramer Says AppLovin Has "No Real Competition"

AppLovin Corporation (NASDAQ:APP) is one of the stocks on Jim Cramer’s radar. During the episode, Cramer noted that the company has “no real competition.” He commented:

“AppLovin is a hugely profitable way for companies to advertise through mobile video games, which are typically free as long as you watch the ads. This company’s got software and AI solutions that make its model unassailable. They have no real competition. The revenue growth is stunning. It was a $10 billion company two years ago. Now it’s $120 billion, as this is the company that can get your ad in front of everyone who plays games on their phone. I know it’s richly valued. I don’t care. When you have no competition, well, guess what? You do pretty darn well.”

AppLovin (NASDAQ:APP) provides a software platform that supports app marketing, monetization, and distribution through advertising solutions, analytics tools, and connected TV services. The company also operates mobile games and offers tools for app developers and publishers.

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Disclosure: None. This article is originally published at Insider Monkey.