Reddit reports Q3 revenue up 68% YoY to $585M, vs. $546M est., and daily active uniques up 19% to 116M, vs. 114M est.; RDDT jumps 5%+ after hours (Jonathan Vanian/CNBC)
PositiveArtificial Intelligence

Reddit has reported impressive Q3 results, with revenue soaring 68% year-over-year to $585 million, surpassing estimates of $546 million. Additionally, daily active users increased by 19% to 116 million, exceeding the expected 114 million. This strong performance has led to a notable jump in Reddit's stock, RDDT, which rose over 5% in after-hours trading. These results highlight Reddit's growing popularity and financial health, making it a significant player in the social media landscape.
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