Reddit Stock Soars 42% as Third-Quarter Profit Surpasses Expectations

Reddit’s stock surged by 42% after the company reported a profit. In the third quarter, revenue rose 68% year-over-year to $348.4 million. The company reported a net income of $29.9 million (16 cents per share), a significant turnaround from last year’s $7.4 million loss.

Redditの株価は同社が利益を報告した後、42%急騰した。第3四半期の収益は前年比68%増の3億4840万ドル。同社は純利益2990万ドル（1株当たり16セント）を報告し、昨年の740万ドルの損失から大きく好転した。