AppLovin Appoints Craig Billings as Independent Chairperson of the Board
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 07 2026
0mins
Should l Buy APP?
AppLovin announced succession plans relating to its executive management team and the appointment of Craig Billings as independent Chairperson of its Board of Directors. The Company announced the following management succession plans: Chief Technology Officer: Basil Shikin, AppLovin's current Chief Technology Officer, will transition into the role of Distinguished Engineer, effective July 1, 2026, at which time Giovanni Ge, the Company's current Chief Product and Engineering Officer, will become AppLovin's next Chief Technology Officer. Chief Legal Officer: Victoria Valenzuela, AppLovin's current Chief Administrative & Legal Officer, will retire, effective August 1, 2026, and will be nominated for election as a director at the Company's 2026 Annual Meeting of Stockholders. Upon Ms. Valenzuela's retirement, Corina Cacovean, the Company's current Deputy General Counsel, Privacy, Litigation & Regulatory, will become AppLovin's next Chief Legal Officer. "Basil and Tory have been instrumental in AppLovin's growth. Basil led development of much of our technology stack over the nearly 10 years he was CTO. In his new role, we'll continue to benefit from his perspective as a builder and an innovator. Tory has been a valued business partner, helping guide the Company through its IPO and a period of rapid expansion, and we look forward to her presence and expertise in the boardroom," said Adam Foroughi, Chief Executive Officer and Co-Founder. "We're pleased to elevate their successors from within-Gio and Corina bring deep institutional knowledge and leadership, underscoring our commitment to talent development and thoughtful succession planning." The Company also announced the appointment of Craig Billings as independent Chairperson of the Board, building on his tenure as Lead Independent Director since the Company's IPO. Adam Foroughi will continue to serve as Chief Executive Officer and a member of the Board.
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Analyst Views on APP
Wall Street analysts forecast APP stock price to rise
15 Analyst Rating
15 Buy
0 Hold
0 Sell
Strong Buy
Current: 466.090
Low
465.00
Averages
745.50
High
860.00
Current: 466.090
Low
465.00
Averages
745.50
High
860.00
About APP
AppLovin Corporation is a marketing platform. The Company provides end-to-end software and artificial intelligence (AI) solutions for businesses to reach, monetize and grow their global audiences. Its advertising solutions include a comprehensive suite of tools including AppDiscovery, MAX, Adjust, Wurl and Axon Ads Manager. AppDiscovery is powered by AXON, its AI-powered advertising engine, and matches advertiser demand with publisher supply through auctions at vast scale and at microsecond-level speeds. MAX is its monetization solution, utilizing an advanced in-app bidding technology that optimizes the value of a publisher’s advertising inventory by running a real-time competitive auction, driving more competition, and higher returns for publishers. Adjust is its measurement and analytics marketing platform which provides marketers with the visibility, insights, and data needed to scale their apps marketing and drive more informed results. Wurl is its connected TV (CTV) platform.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Robust Revenue Growth: In Q4 2025, AppLovin's sales surged by 66% year-over-year, reflecting its competitive edge in the adtech industry and laying a solid foundation for sustained growth, especially during market corrections.
- Strong Financial Position: With a current ratio of 3.32, AppLovin demonstrates ample liquidity to cover short-term liabilities, and its solid balance sheet provides a safety net for future expansion and investments, boosting market confidence.
- Overreaction in Market: Despite rising concerns about AI's impact on SaaS companies, AppLovin's stock has declined due to market sentiment fluctuations, presenting a buying opportunity for investors, particularly with upcoming earnings guidance suggesting over 50% year-over-year growth.
See More
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- Rising Profit Margins: The company's net profit margin surged from 19.4% in 2023 to 62.6% in 2025, reflecting enhanced profitability and providing investor confidence that AppLovin has a sustainable profit model in a competitive market.
- Robust Financial Position: With a current ratio of 3.32, AppLovin has ample liquidity to cover short-term liabilities, ensuring a solid financial foundation for future expansion and investment opportunities.
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See More
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