Reddit stock price soars after social media player reports profit milestone
Reddit’s stock surged after posting a rare Q3 profit of nearly $30 million and surpassing revenue expectations with $348.4 million. Daily users rose 47% to over 97 million, driven partly by a new AI-powered translation tool that quadrupled usage. CEO Steve Huffman noted Reddit’s growing role as a community resource, including during recent hurricanes. Reddit’s stock, debuting at $34 in March, reached $113.50, reflecting strong … Continue reading Reddit stock price soars after social media player reports profit milestone
