Reddit Shares Soar 22%, Hits $100, After Q3 Earnings Beat Forecasts

Benzinga

Reddit shares surged 22% in after-hours trading, exceeding $100 per share, following strong third-quarter earnings that outperformed analyst expectations. Reddit exceeded analyst expectations with a profit per share and revenue that outpaced forecasts. Daily active users and revenue per user both surpassed analyst expectations. The platform benefited from Google search updates that have attracted new, albeit less profitable, logged-out users. The stock has nearly tripled in value since going public.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Reddit shares surged 22% in after-hours trading, exceeding $100 per share following strong

00:07third-quarter earnings that outperformed analysts' expectations.

00:11Reddit exceeded analysts' expectations with a profit per share and revenue that outpaced

00:16forecasts.

00:17Daily active users and revenue per user both surpassed analysts' expectations.

00:22The platform benefited from Google search updates that have attracted new, albeit less

00:26profitable logged out users.

00:29The stock has nearly tripled in value since going public.

00:31For all things money, visit Benzinga.com slash GSTV.

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