Here's Why AppLovin Stock Absolutely Skyrocketed to a New All-Time High Today

The company has a viable path to sustaining its impressive profitable growth trajectory.Shares of app monetization company AppLovin (APP 45.29%) are absolutely skyrocketing on Thursday thanks to impressive financial results for the third quarter of 2024. As of 10:30 a.m. ET, AppLovin stock is up about 48% and had hit an all-time high at over $250 per share. For perspective, it traded at under$10 per share at the end of 2022.One of the hottest growth stories out thereIn the prior quarter, AppLovin's managem ...