Reddit Rises Over 25% on Earnings Increases, Revenue Guidance

Social media platform Reddit (RDDT) has been on a tear, with shares up over 25% in extended trading hours since releasing third-quarter results on Tuesday. The site gives strong fourth-quarter revenue guidance while citing an advertising push and daily active user growth last quarter.

Morning Brief's Seana Smith and Brad Smith reflect on Reddit's stock growth since its March 2024 IPO as the company further integrates AI into its platform and business model.

For more expert insights and analysis on the latest market activity, read the Morning Brief here.

And be sure to check out Yahoo Finance Editor-in-Chief Brian Sozzi's interview with Reddit CEO Steve Huffman this afternoon.

This post was written by Luke Carberry Mogan.