Live on Bloomberg TV

00:00Adam tell me first about your experience with the IPO with the price action today. Are you satisfied. You know when we started this business nine years ago we always took a very long term view into what we were building. We saw a ton of opportunity to help app developers with our software platform to get their apps discovered. Today is an amazing milestone for the company. We were able to raise two billion dollars and we're going to go execute for the next many years to come. Continuing to go down the path of our journey leading ourselves forward. Why do you think there's a 15 percent drop in the shares. I can't answer that. I don't know. What is what is the point you know. Because what we're here for is executing for the long term. Well I was a derivatives trader when I started my career and I know you can't control what's outside of your control. What we can control is that we have a very fast growing business and we're entering into the next part of our journey. And we'll continue to execute and build trust with investors who want to bet on us for the multi-year plant. All right. So what is your multi-year plan. I mean you do a lot of from what I can see takeovers very popular games. You get pretty good value. You know I've seen some good prices where you're picking up for example a company here that one point was valued at five billion for five hundred million. Is that the strategy. No. We started as a software platform and technology platform for app developers. We help them get their content discovered. We drive over 3 billion installs to our customers matching them up with consumers. And what we really did in 2013 was we widened our business by layering on this original content. And that's what we've been acquiring into the platform. The original content. Now these games of our own have over 200 million monthly active users playing those games. And then we're able to expand the platform offering and increase the efficacy of the software with that audience. So what kind of revenue are you looking at as we get out of this lockdown. For example what's your estimate for next year's full year revenue. Last year we had a record year. We did one point four or five billion dollars of revenue. We grew over 40 percent year over year. But what we're most excited about is that our companies really coming together with all the parts that we've invested into the last nine years. In Q4 we had the biggest revenue growth quarter we've ever had accelerating to 83 percent year over year growth. And we see a lot of room to grow our business as we go forward. What about making money. When are you looking at profitability and what kind of margins we actually generate cash flow right now. We did over three hundred million dollars of IBA last year and we'll continue to execute our business growing top line and continuing to grow bottom line as well. We still see you know pre-tax income that has a minus sign in front of it. When is that going to be positive. The net income number had some accounting nuances to it and I leave those nuances to our very capable president and CFO Harold Chen. What I'm focused on is the Ibadan number which is how much cash can we generate from growing this business. And we've been able to be profitable from a cash flow basis since 2012.

No schedule data available.

AppLovin Focused on Executing for the Long Term, CEO Says

AppLovin Corp. CEO and co-founder Adam Foroughi discusses the company's public debut with Bloomberg's Matt Miller on "Bloomberg Markets." (Source: Bloomberg)

More From Bloomberg Markets
All episodes and clips

QuickTake
Explaining the world with Bloomberg News
More episodes and clips