Ok enough panic on $NFLX engagement...here is my review of Q2...link in bio. +13% revenue on +2% viewing hours means they are getting MORE revenue per hour...+2% viewing YoY is normal, and actually good vs. the OLYMPICS and WORLD CUP. Oh and ROE is +40% with expanding margins (1/x) 🧵 everybody wants to complain, but unless you CANCEL your $NFLX sub, it doesn't matter, full stop. Netflix has the lowest churn by FAR in the entire media industry, around ~2%, and that hasn't changed. Plus >50% viewing is outside the U.S. so you can't even judge $NFLX GLOBAL footprint from your couch...(2/x)🧵

📉 AppLovin $APP is down ~40% despite a "beat and raise" Q4.

Is the growth story broken? No. The market is obsessing over "AI Fear" while ignoring the "Cash Machine."
Here is why the sell-off is a gift for value investors. 🧵 The "Capital Light" Miracle 🚂

Everyone is worried about Big Tech Al CapEx. But $APP isn’t building the tracks; they are riding the train.

2025 CapEx Intensity (% of Rev):
🏗️ $META: 36%
🏗️ $GOOGL: 15%
🚀 AppLovin: 0.3%

They get the AI growth without the bill.

OK here are some quick thoughts on the AppLovin chat at the UBS Global Technology and AI Conference - $APP stock is up following strong #BFCM - here were the keys I took from the talk (1/x) A lot of time was spent describing the AppLovin business model...here was my fav parts🧵
(2/x) AppLovin CEO gave the talk - he reminded investors that there will be revenue growth from future improvements in the @AxonAdsManager model...much of past year spent on building the plumbing 🧑‍🔧🪠 Want to turn everyone into an "arbitrage marketer". $APP wanted to make sure ROAS and performance could scale before brining on too many new advertisers...