$APP · AppLovin exec: $180B market cap, 70% growth, e-commerce at $1B run rate in year one, <0.1% market share

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AppLovin exec: $180B market cap, 70% growth, e-commerce at $1B run rate in year one, <0.1% market share

2026-06-15 · 4 company · 9 thematic

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speakers

gavin baker

Managing partner and CIO of Atreides Management, a technology-focused hedge fund. He previously ran the Fidelity OTC fund for years and is one of the most-followed voices on semiconductors, AI infrastructure and growth tech.

raphael vivas

quote

“We're at less than 0.1% of the market share... but we have north of $12 billion of ad spend compounding at 70% year-over-year... By the end of the year, how we envision onboarding on AppLovin is you go onto the site, you set up the pixel,…”

—raphael vivas

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AppLovin exec: $180B market cap, 70% growth, e-commerce at $1B run rate in year one, <0.1% market share

AppLovin's ad platform compounds at 70% YoY with $12B spend; e-commerce product hit $1B run rate in first year with thousands of advertisers onboarded; generative interactive and…