Reported about 9 hours ago
Reddit shares surged nearly 20% after the company reported third-quarter earnings that exceeded analysts' expectations, with earnings per share at $0.80 and a revenue increase of 68% year-over-year to $585 million. The growth in daily active users, which rose 19% to 116 million, played a crucial role in the positive results. The company remains optimistic about its future, addressing potential concerns about competition from Google.
Source: YAHOO