Reddit has turned a profit for the first time as a public company.
Soaring to new highs, Reddit's (RDDT) stock has spiked more than +30% today after crushing its third-quarter expectations after market hours on Tuesday.
Reddit's proceeds from the crypto sale were $6.9 million during the quarter, according to a filing.
Analysts at Bank of America have raised their price target for Reddit (NYSE:RDDT) after the social media platform delivered a strong third quarter earnings report and upbeat outlook. The analysts rais

RDDT Paving Its Path in the Social Media Space

02:48pm, Wednesday, 30'th Oct 2024
Reddit (RDDT) soared on a massive rally after turning a profit and raising its fourth quarter guidance. Seema Shah says the company is significantly smaller than competitors but has also seen signific
RDDT's third-quarter 2024 results benefit from strong user growth, higher ARPU and AI-powered services.

Why Reddit Stock Is Surging Today

12:58pm, Wednesday, 30'th Oct 2024
What's driving Reddit's stock to new heights today? Check out how the social discussion forum crushed analysts' expectations in the third quarter.
Reddit reported an increase in third-quarter revenue that exceeded analyst expectations, sending the social media company's stock soaring Wednesday toward its best day since going public in March, as
Reddit stock is soaring Wednesday after the social media firm's blowout earnings report and upbeat guidance and analysts are rushing to raise price targets.
Reddit (RDDT) shares are surging Wednesday after the social media firm posted its first quarterly profit as a public company with higher-than-estimated results and a rosy fourth-quarter outlook.
Reddit's Q3 results exceeded expectations, with revenue up 68% y/y and DAUs growing 47% y/y, driving shares up 20% post-earnings. The company has particular advantages and potential in international m

2 Social Media Stocks Surging After Earnings

10:38am, Wednesday, 30'th Oct 2024
Shares of social-media companies Reddit Inc (NYSE:RDDT) and Snap Inc (NYSE:SNAP) are surging today after earnings.
Reddit shares popped Wednesday, one day after it reported third-quarter results that beat Wall Street's expectations. The company reported revenue of $348.4 million, up 68% from a year earlier.
Reddit Inc.'s better-than-expected third-quarter results highlight the social-media platform's strong growth potential, analysts say.
The morning's biggest winner is Reddit (RDDT) after the social media platform turned a profit and reported higher-than-expected guidance. Eli Lilly (LLY) reported an "uncharacteristic" miss despite Mo
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