Why AppLovin Stock Skyrocketed to a New All-Time High Today at Over $500 Per Share

Shares of digital advertising company AppLovin (APP 24.00%) absolutely skyrocketed on Thursday after the company smashed expectations with its financial report for the fourth quarter of 2024. As of 11 a.m. ET, AppLovin stock was up 31% and had hit an all-time high at over $500 per share.The growth rate just acceleratedOnly founded in 2011, AppLovin now has a market capitalization of over$160 billion as of today. The company managed to generate revenue of $4.7 billion in 2024, which was up 43% from 2023. An ...